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- O ECON1003 Undergraduate x b My Questions | bartleby 9 maths course guide.pdf O How to screen shot on my X i 2021.tle.courses.open.uwi.edu/pluginfile.php/2265/mod_resource/content/13/ECON1003%20Undergraduate%20Programmes-%... ECON1003 Undergraduate Programmes- 2021-2.. 25 / 36 100% + | Problem Set: B (1) Solve the following: (i) 2*/2-16 32 (ii) log, (x- 2)+log,(x) =1 (b) The demand curve for a swivel chair is given by p=4000(3-ª) dollars per swivel chair, where p is the price and q is the quantity, in thousands of swivel chair, demanded at that price. What quantity will be demanded if the price per swivel chair is $256.60? (2) Find the slope-intercept form for the line perpendicular to 2x– 3y=-6 and passing through (4,–9) (3) A mobile phone provider charges $3.75 plus $0.15 per minute for overseas calls. (a) Write a linear model which shows the cost C, in dollars, for a client talking x minutes. (b) How much would it cost the client for an overseas call with a duration of 55 minutes?…Differentiate positive statement from Normative statement and give 2 examples for the latter and former about our LGU response to the increasing number of Covid-19 positive cases.France and Poland each have one worker whosemonthly linear Production PossibilityFrontier indicatesthe following production possibilities: PolandFranceComputers (C) 246Grain (G) 43 a)France’sopportunity cost of G in terms of units of C equals ______ ? b) Poland’sopportunity cost of G in terms of units of C equals ______ ?For the followingparts, please complete the questions by filling in the blank, and responding toremainderof the question: c) Poland’scomparative advantage is in ______ because: d) If France and Poland decide to trade, _________ will be theexporter of G while ______ will bethe importer because: e) If the economies choose to trade, the world relative priceof goods must be ________ in orderfor trade to be mutually beneficial, because:
- France and Poland each have one worker whosemonthly linear Production PossibilityFrontier indicatesthe following production possibilities: PolandFranceComputers (C) 246Grain (G) 43 a) France’sopportunity cost of G in terms of units of C equals ______ ? b) Poland’sopportunity cost of G in terms of units of C equals ______ ?For the followingparts, please complete the questions by filling in the blank, and responding toremainderof the question: c) Poland’scomparative advantage is in ______ because: d) If France and Poland decide to trade, _________ will be theexporter of G while ______ will bethe importer because: e) If the economies choose to trade, the world relative priceof goods must be ________ in orderfor trade to be mutually beneficial, because: 4.In the following problem, assume that the UK currency is the pound sterling (PST)and thecurrency in the restof the Europe is the euro (EUR). Suppose that thePST appreciates relative to the EUR. For the following parts, you will…4:12 PMG b + .…. 0.62K/s 0a .ll 32% K 4_5915643745964919843.docx X : 1. Define the Following A. Economics B. Factors of Production C. Scarcity D.Opportunity Cost E. Law of Demand. E. Production Possibilities Curve G. Law of Supply H. Three basic questions all economic systems must answer 2. Let the following table represents the total utility of a given consumer, in the car dinal utility approach. 1 2 3 4 5 6 7 TUX TU 8 14 18 20 20 18 16 6. 10 13 15 16 16 14 MUX MUY MUX/Px MUy/Py A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the con sumer take to maximize utility? C) What is the maximum utility of X and Y if they are free? D) Let now price of X is 4 bir per unit and price of Y is 2 bir per unit. Calculate M Ux/Px and MUy/Py and fill the 6th and 7th row. E) Assuming the consumer has any amount of money (enough budget) how man y of X and Y should the consumer buy, to maximize utility? F)…openvellu mathxl.com/Student/PlayerHomework.aspx?homeworkld=611294898&questionld 1Gmail ITMG 1B Econ 2100 三 Homework: Basics ... Question 10, 1.1 Questio... く onomic If Arif can make 20 pizzas or 10 cakes in one day, the opportunity cost of O A. 1 pizza is half a cake. O B. 2 pizzas is 2 cakes. O C. 2 pizzas is 4 cakes. O D. 1 pizza is 2 cakes. O E. one half a pizza is 2 cakes. st
- Define the term scarcity in context of economics. Pls explain in detail.Using sound economic theory, develop a macroeconomic econometric model that would test the relationshipbetween globalisation and economic development in South Africa. You are to state the a priori expectations ofwhat the model would tell us, and you are to write the model using ‘Word Equation’. Finally, each variable that isincluded must be justified regarding its relevance for being there.N Course: EC 201 Microeconomic P X MindTap - Cengage Learning X Answered: Consider the competit X + ← → с ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=56960519240215212983351261543&eISBN=9781305648173&id=1488825754&nbld=2941604... Q • Kathryn v « CENGAGE MINDTAP My Home Homework (Ch 09) Courses Attempts Keep the Highest / 4 Catalog and Study Tools 5. Deriving the short-run supply curve Rental Options Consider the price-taker market for sports jackets. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the market. College Success Tips Career Success Tips (?) RECOMMENDED FOR YOU Study Tools 100 90 80 Study Tools for Principles of Economics 70 D 60 ? Help Give Feedback A Type here to search COSTS (Dollars) 50 40 30 20 10 0 0 10 30, 15 O ATC AVC MC 20 30 40 50 60 70 80 QUANTITY (Thousands of jackets) 발 90 100 D 57°F Q Search this course X 12:51 AM 6/11/2022 x : A-Z banga A+
- 1 Ramsey model and Solow Modelsdw (usbila Consider the Ramsey model as in the curriculum with the two equations: ċ(t) Basic Conste(t) f'(k(t)) – p - Og 0 - [AZU k(t) = f(k(t)) — c(t) − (n + g)k(t) - (1) (2) 1. Explain the two equations given above. 2. Make a diagram that shows the steady state level for capital per effec- tive worker and consumption per worker. Explain how you would find output per effective worker. 3. What is main difference between the Ramsey model and the Solow Growth model? anoqgad andre stekpExplain the important of Solow model and Endogenous model.Why is Solow Model important for any Economy?