65 852
Assignments Done
99,1%
Successfully Done
In October 2018

Answer to Question #64577 in Macroeconomics for ver

Question #64577
Hi can somebody solve this with solutions for me?

C=5000+0.4Yd
I=3000
G=8000
Net Taxes=7000
X=12000
M=10000
Yd=Y-T

Qns: Finding equlibrium level of income (Y)
Expert's answer
If the output of the firm (call it y) increases as you increase x but at a diminishing rate, then y=100*exp(-x) wouldn't be a valid representation of this firm’s production function, because at x = 0, 1, 2 and 3 the output is y = 100, 36.78, 13.53 and 4.98 respectively, so according to this production function the output of the firm (y) decreases as you increase x.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions