Assume an economy were characterized by the following equations C = C + bYD I= Ï - di G=G T= T X=X IM= Z + fY MD= a + Bi + yY MS= P = 1 (1) (2) (3) (4) (7) (8) (9) where the notation denoting parameters YD denotes disposable income. We assume that 0
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- quiz 1 (page 1 of 5) 105 econ مبادئ في الاقتصاد الرياضی ش 2 و ش elearning yu.edu.jo Question 1 Not yet answered Question 3 Marked out of 1.00 Not yet answered Marked out of 1.00 **Assume that you have the following equations: Simplify the following expression: 3X(8x+9)- X(X+7) 4P+4Q=16 2P-Q=2 The equilibrium price is: O a. 23x2 + 20X O a. P=5 O b. X2-30X O b. P=6 O c. 25X2 + 32X Oc. P-2 d. 21X2-24X O d. P-4 e. None of the above O e. None of the above Clear my choice Clear my choice Next page Next page Quiz navigation Quiz navigation 12 31 4 ...Use the following diagrams to answer this question 0 0 LRAS, Y, Y₂ Panel (a) LRAS, Y, Y₂ Panel (c) SRA S, AD₂ AD₁ Y SRA S, AD₁ SRA S₂ P₁ P₂ 0 P₂ 0 LRAS, SRAS, K AD₂ Y₂ Y₁ Panel (b) LRAS, SRA S, Y₂ Y₁ Panel (d) SRAS, AD, Y In panel (d), Which one of the following statements is (are) correct? O A. At E1, the economy is in short-run macroeconomic equilibrium, and GDP gap # 0. O B. At E2, the economy is in long-run macroeconomic equilibrium, and GDP gap > 0. O C. At E2, the economy is in short-run macroeconomic equilibrium, and GDP gap < 0. OD. Both A) and B) are correct.Solve the following problems by using the inverse of the matrix involved. (a) An automobile factory producess two models, A and B. Model A requires 1 labor hour to paint and 1 labor hour to polish; model B requires 1 labor hour for each 2 process. During each hour that the assembly line is operating, there are 80 labor hours available for painting and 65 labor hours for polishing. How many of each model can be produced each hour if all the labor hours available are to be utilized? (b) Suppose each model A requires 14 widgets and 10 shims and each model B requires 10 widgets and 7 shims. The factory can obtain 1050 widgets and 745 shims each hour. How many cars of each model can it produce while using all the parts available? (a) Model A: Model B: (b) Model A: Model B:
- What is the equation for this?Graph the function C=50+0.8Y and give economic interpretations of the elements of the equation.Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms: Yards of Carpet (Millions) Carpet Looms (Thousands) 75 60 20 45 35 30 45 15 50 50 These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. To answer this question, assume carpet looms is on the y-axis and yards of carpet is on the x-ais The plot of these points that make up the PPF has a vertical intercept of and a horizontal intercept of This PPF would be (Enter your responses as a wvhole number) bowed out a straight line
- Please help solve and explain this equationPlease give a detailed solution with an explanation. Please make sure the graph is visible, clear, and detailed. Make sure to include the new equilibrium coordinate point as well.1. Write this system of equations in matrix form. X1 + X2 + X3 = 1; x1 – X2 = 4; X2 + X3 = 7.
- Refresh your Math & Graphing Skills SOP-A D For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. X-axis Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled The average grade received" and Y-axis should be labeled "The number of hours spent studying". Scenario As the number of hours spent studying rises, the average grade received rises. As the number of hours spent studying falis, the likelihood of getting an A falls. As the number of hours spent watching TV rises, the average grade received falls. True True or False: Line B has a slope of infinity. O False www Relationship Line Yhow do i answer 1.5 . it seems like something is missing for me to do the equationIn 1928, Charles Cobb and Paul Douglas published a study in which they modeled the growth of the US economy during the period 1899 to 1922. The function used to model production was of the form: (1) P(L, K) = 6LªK!-a where P is total production (monetary value of goods produced in the year); L, the amount of work (total number of person-hours worked in a year); and K, the amount of capital invested (monetary value of machinery, equipment and buildings). In these terms, the hypotheses made by Cobb and Douglas can be stated as follows: (i) If either labor or capital cancel each other out, so does production. (ii) The marginal productivity of labor is proportional to the amount of output per unit of work. (iii) The marginal productivity of capital is proportional to the amount of production per unit of сapital. 1. The output per unit of work is (a) Tick the alternative that, for some constant a, describes the hypothesis (ii) = aP·L. = a. P () aL L P = a. (b) If we keep K constant, K = K0,…