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Consider the Samuelson model with one good and no production and in which consumers are endowed with one unit of good in youth and none in old age and where their utility functions are u(x0 , x1) = log x0 + (0.5) log x1.
(a) Compute formulas for a stationary spot price equilibrium, (x0 , x1, P , r , G, T), with nonnegative interest rate rand with P = 1.
(b) Show on a diagram all feasible stationary allocations and those allocations that are Pareto optimal. Show in similar diagrams the allocations and budget sets for the equilibria with interest rates r = 0 and r = 1. Indicate the tax payments on the diagrams for each of these equilibria.
A hydraulic lift is to be used to lift a 2500 kg weight by putting a weight of 25 kg on a piston with a diameter of 10 cm. Determine the diameter of the piston on which the weight is to be placed.
1 a 3-inch nominal size cast iron pipe has an actual inside diameter of 3.58 inches. the pipe is 5000 feet long and
Refrigerant 134a enters a compressor operating at steady state as saturated vapor at 0.12 MPa and exits at 1.2 MPa and 708C at a mass flow rate of 0.108 kg/ s. As the refrigerant passes through the compressor, heat transfer to the surroundings occurs..
a household refrigerator that has a power input of 80w assume constant work input over time and a coefficient of
a system consisting of 3 lb of water vapor in a piston- cylinder assembly initially at 350degf and a volume of 71.7 ft3
Write a MATLAB program that takes an input of the stress state in 3D. The program should Create the stress tensor. Calculate the principal normal and shear stresses by solving the Eigen value problem.
Refrigerant 22 enters the valve of a refrigeration system with a pressure of 14 bars and a temperature of 32 C and exits at a pressure of 4 bars. Neglecting heat transfer and any changes in potential and kinetic energy, determine the quality of the r..
The acceleration due to gravity is 9.81 m/s^2. What is the force needed to hold a mass of 2 kg at rest in this gravitational field, both in N, kgf, and lbf? How much mass (kg) can a force of 1 N support?
duncan hanes is considered one of the best design engineers for xyz corporation. his expertise lies in the area of
the body on the 30 degrees incline is acted upon by a force p inclined at 20 degrees with the horizontal. if p is
A rigid container has 0.75 kg water at 300oC, 1200 kPa. The water is now cooled to a final pressure of 300 kPa. Find the final temperature, the work and the heat transfer in the process.
The following suspension system has two support structures-a spring and a rubber pad. Vertical force F (N) acts on the moveable plate. The spring has a spring constant of k1 = 1000 N/m. The rubber pad has a spring constant of k2 = 20000 N/m. The rubb..
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