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Consider an economy with no government and no external sector. Autonomous consumption is equal to $10 billion, the marginal propensity to consume is .8 and planned investment spending is $150. What is the equilibrium level of GDP in this economy?
How could we argue that these markets are notcompetitive and could each firm face a demand curve that is not perfectly elastic?
suppose the consumption function is as followsc shyshynbspnbsp a1 yd a2 wresnbsp a3ccwhere all the as the
Suppose you have 10 indivduals with vales ($1, $2, $3, $4, $5, $6, $7, $8, $9, $10. . our marginal cost of production is $2.50. What is the profit-maximizing price?
Shannon purchases a bond for $1,142.38. The bond matures in three years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 5 percent/year compounded yearly, what is the bond inter..
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in an economy in which government expenditure is 100 billion exports are 60 billion imports are 15 percent of real gdp
Find Livia's best affordable bundle of tea and coffee. How does the equilibrium condition differ from the condition we derived in lecture for the "typical" case? How much could the price of a cup of coffee risewithout harming her standard of livin..
Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. With no restrictions on the number of traps, and open access ..
Sunny made a contract with Mandy selling
Pick a good or service and illustrate its market with supply and demand curves. Explain what each curve represents and tell what (specifically) would shift each of the curves.
suppose the united states produces two goods civilian goods and government goods and that is all that they produce. ok
An economy's production possibilities frontier is also its consumption possibilities frontier. under all circumstances,under no circumstances or else.
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