Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider the following simple economy which consists of two industries, guns (1) and butter (2) and is characterized by the following input-output matrix.
Suppose also that the input-output vector of labor inputs is a=[.2 .4]. Suppose consumers are expected to demand 10 units of guns and 20 units of butter. Also assume that the numeraire wage rate is w0=10.
a. Find the equilibrium quantities of guns and butter necessary to satisfy consumer demand.
b. Find the equilibrium prices to charge for each good.
c. Verify that the economy is in equilibrium.
d. How many workers are employed?
e. Show that profits are zero in all industries.
f. Are the Hawkins-Simon conditions satisfied? What would happen if they were not satisfied?
g. What would happen if the wage rate doubled?
What is the meaning of Deindustrialisation Deindustrialisation or structural decline of many manufacturing industries along with activities like coal mining is associated with
discuss the different of cost?draw the cost curves
What are the potential advantages of economic growth? The potential advantages of growth include • More goods and services are accessible to satisfy more want and requireme
Assume Workers Comp awards $X to workers not working because of injury. $X is set to equal the workers previous wages. Once workers return to work, the award payments stop. Suppose
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of c
#question.WHAT IS GDP AND DIFFERENT PRICE LEVEL IN SHORT RUN?.
how to calculate the ultimate change in deposits and credit?
A critically important criterion that must be considered in evaluating environmental policies is whether they provide strong incentives for people to find new ways to improve ambie
Henry Ford's Model T was originally designed and built to be run on ethanol. Today, ethanol (190-proof alcohol) can be produced with domestic stills for about $0.75 per gallon. Whe
After the fall of the king, a tax rate of 20% has been introduced in the Frog Islands Republic. The value of Sun corporation is now 100.000€. Bright Star Co. debt has no changed. T
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd