Let the national income model be given as Identify the endogenous variables
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Question:
Let the national income model be given as
- Identify the endogenous variables (1 mark)
- Find the equilibrium national income (4 mark)
- The demand and supply functions of 2 commodities are given as
Determine the equilibrium prices and quantities for the 2 goods using cramer’s rule (6 marks)
- Prove young theorem using the following function
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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