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Consider an economy in which the consumption, investment and production functions are as follows.
C = 90 + 0:7(Y ??- T)
I = 250 -?? 20r
F(K;L) = AK^(1/2)L^(1/2)
The capital and labor supply are equal to 100 each, A=10, G = 200 and T = 200. Compute the equilibrium values of output, overall labor income, consumption, public savings, national savings, investment, and the interest rate.
Suppose now government spending decreases to G=100 (everything else stays the same). What happens to output, consumption, savings, investment and the interest rate? Compute the new values for these variables.
1. What type of process is the above one: order-to-cash, procure-to-pay or issue-toresolution? 2. Who are the actors in this process? 3. What value does the process deliver to its customer(s)? 4. What are the possible outcomes of this process?
Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position.
Draw indifference curves to represent the following types of consumer preferences and find the optimal combination of X and Y that will maximize Paul's utility and determine the values of X and Y that will maximize utility in the consumption of X an..
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Knowing their APR is 14.5% and assuming they would no longer add more debt to the card, what would their payment need to be in order to pay off the balance of the card in two years?
Write a five- to six-page economic summary report (not including the title page) that presents the economic viability of the Lemonade Stand Business
Elucidate policy or policies may be required to ensure the rate of inflation is low
At the end of one year, Sam was offered $300 for his business and all its equipment. What are Sam's explicit costs? Implicit cost? and economic profit in the first year?
Normally the selling price of a product, p, is related to the demand according to the following relationship: p = a - bD. However, a company has found that the price (in dollars) of its product can be related to demand, D
market value of the final goods and services produced in the domestic economy 115000 of which goods worth 10000 are
Suppose that a farm produces 200,000 units a year and sells them all for $10 each the explicit cost of production are 1.5 million and the implicit cost of produ
1. Suppose the Central bank were required to conduct monetary policy so as to hold the inflation rate below 2%. What implications would this have for the econom
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