Equilibrium level of income from data of an Economy

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Equilibrium level of income from data of an Economy

Рет қаралды 51,362

2 жыл бұрын

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Пікірлер: 18

@Salil_SBSC 3 ай бұрын

still cant believe economics can be so easy.🖤🙏

@karthikeyansrinivasan907 5 ай бұрын

U r the best !!!

@janwray Жыл бұрын

Good day sir thank you for this video it helps me a great deal to complete my assignment.

@malikyakubu6998 2 жыл бұрын

Good day Sir, please I want you to solve my problem for me. Question 1: Find the turning point of the following functions and determine whether they are Maxima or minima i. y = (x - 3)^2 ii. y = x^2 + 5xz + z^2 iii. y = x^2 + z^2 + v^2 Question 2: Given the utility function, U = X1^2(X2^2) i.e X sub one squre and X sub two square, with the budget constraint, M = P1X1 + P2X2, where U is the utility, X1 is the quantity of commodity one, X2 is the quantity of commodity two, P1 is the price of commodity one, P2 is the price of commodity two and M is the income of the consumer. i. Find the utility maximising quantities of both commodities. ii. If the P1 = 2 and P2 = 5 and M = 50, determine the specific quantities of both commodities. iii. Determine whether utility is maximized or minimized at the equilibrium.

@CaciousMofya 4 ай бұрын

Thank you so much sir this video helps me a lot thank you

@pamelahamandishe8993 Жыл бұрын

Thanks sir I just realized how much of a huge mistake I made in my exams 😢.I ignored the .8Yd😢😢😢

@blessingravhura9133 Жыл бұрын

Thank you so much sir

@dnyaneshwarmali4893 2 жыл бұрын

Your stuff is really helpful..

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation brother

@dnyaneshwarmali4893 2 жыл бұрын

@@ECONMATHS can you guide me

@economicclasses 2 жыл бұрын

Thank you so much #hilal bhai

@ECONMATHS 2 жыл бұрын

My pleasure brother

@adapay 10 ай бұрын

The answer is wrong and here is why: C=50+0.8yd T=0.2 I= 100 G=30 First we have to find yd which is yd=y-t , which is yd= y-0.2 Then we implement this into C which is C=50+0.8(Y - 0.2) which is C= 50 + 0.8 Y - 0.16 Which gives us the C= 49.84 + 0.8Y Now we know the formula of the aggregate income which is Y = C+G+I So Y= 49.84+0.8y+30+100 Y=179.84 +0.8y We move the y:s to one side: Y-0.8Y= 179.84 0.2Y= 179.84 Y= 899.2 So our equilibrium level of national income is 899. Your answer which is 500 is wrong.

@tanishkgoyal4230 5 ай бұрын

0.2 is pecentage of y not a direct amount so answer is correct