Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 12, Problem 4IP

(a)

To determine

Whether the administration or the students are correct.

(b)

To determine

Explain how (a) differs if this argument was conducted in the planning stage before the dining hall is built.

(c)

To determine

The cost of feeding a guest at the dining hall.

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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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