Microeconomics (6th Edition)
Microeconomics (6th Edition)
6th Edition
ISBN: 9780134106243
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 12, Problem 12.3.3PA

Subpart (a):

To determine

The price, profit and quantity of pencil in the market with illustration.

Subpart (b):

To determine

The price, profit and quantity of pencil in the market with illustration.

Subpart (c):

To determine

The price, profit and quantity of pencil in the market with illustration.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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