What is the industry for product equilibrium

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Reference no: EM1313840

Q1. Get an answer from tutors to this homework question now:

Let us Suppose the subsequent figure represent the component of GDP in a county

C = 70+ 0.8YD
I = 60
G = 170

a. Calculate the equilibrium level of income

b. Calculate the multiplier in this model

c. Illustrate what is the level of saving in equilibrium

Q2. TC= 1500 + 200Q + Q2

Qs = 40,000 + 60P
Qd = 80,000 - 40P

calculate the profit maximinizing output

calculate the economic profit earned

Illustrate what is the industry for product equilibrium

Reference no: EM1313840

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