a) Q=1 aP+ b Transpose the formula to express P in terms of Q. (3 marks)...
(d) Solve for p and q in terms of a, b, c, d given q-ap+b and q cp+d (e) If in the previous problem p stood for price, under what circumstances would the market clearing price (i.e. the p you solved for) be positive? (What are the restrictions on a, b, c,d that would ensure that p is positive?
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1+mW where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2. Draw the...
Question 3 (15 Marks): Consider a closed economy, where the price level P is constant and equal to 5.You are given the following additional information: Cd = 1,000 + 0.8(Y - T) T = 0.2Y – 100 Id = 2,000 – 1,000r G = 600 L = 20,000r M = 5,000 A. (5 Marks): What is the equilibrium level of income? What is the equilibrium level of the interest rate? Explain how you obtained your answers. B. (5 Marks): The...
10:44 A. FSTM3074 PC2 0.pdf < [TOTAL: 8 MARKS] Question 2 a) Given that p = log 5, q = log2, express the following terms of p and/or q. 1) log, 10 0 (2 marks) il) log8 (2 marks) ill) loga 2.5 III (2 marks) Cini futbou
please help me with as much as you could Calculus (4 marks) A firm estimates that the total revenue, SR(q), received from the sale of q goods is given by 5. R(x) = ln(1 + 1000 ) Calculate the marginal revenue when q = 10. Explain what this result means. 6, (3 marks) Consider the function f(x) = x3 + 2. (a) Sketch a graph of y-f(x) on I-1,2 (b) Estimate the area bounded by y-f(x), the x-axis and the...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1 + m)W where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2....
Consider a closed economy, where the price level P is constant and equal to 3.You are given the following additional information: Cd = 2,200 + 0.8(Y - T) – 2,000r T = 0.25Y – 1,000 Id = 400 + 0.1Y – 1,000r G = 6,720 – 0.2Y L = 0.25Y M = 15,000 A. (5 Marks): What is the equilibrium level of income? What is the equilibrium level of the interest rate? Explain how you...
please I need help Fig 1 AP[8 marks] b. Analyse the figure 2 below, determine the Reaction Forces RA and Rs and explain briefly your answers. AP [5 marks] 80KN 70KN 100KN 30KN sek RA 2m 2m 3m 3m 2m AP [5 marks] END OF QUESTION PAPER
(2) (15 marks) Consider matrices 2 A= and B= 8 12 -2 3 b= = [] (VI) (2 marks) Find A16 by writing 7 as linear combination of eigenvectors of A. (VII) (2 marks) Find a formula for Ak for all non-negative integers k. (Can k be a negative integer?) (VIII) (1 mark) Use (VII) to find Alº7 and compare it with what you found in (VI). (IX) (2 mark) Is A similar to B? If yes, find an invertible...
Part1 1. Given x- y+z=-2 x+ y-z=+2 Solve by Gassian Elimination not using matrices then using matrices. 1 Compute A transpose P A and A transpose* P *L 3. If m 5 and n = (a) How many rows are in A? (b) How many columns are in A? (c) How many rows are in P? (d) How many rows are in L? (e) What is the size of the system of equations that will be solved? (f) How many...