Question: Plz help here [25] Explain how many equations and variables are necessary for CGE model with single household and two kinds of commodities (and industries)

Plz help here

[25] Explain how many equations and variables are necessary for CGE model with single household and two kinds of commodities (and industries) with two factors. Assume that each industry (firm) produces only one commodity, there are no intermediate demands and two factors are labor and capital

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Swaran Frei is the proprietor of a property management company, Apartment Exchange, near the campus of Pensacola State College. The business has cash of $8,000 and furniture that cost $9,000 and has...

Login Required user id password Login Forgotten your password? ECONOMICS 2123B - ECONOMETRICS II LECTURE 5: SPECIFICATION OF REGRESSION VARIABLES George Orlov Department of Economics Western...

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

Applied Mathematics and Computation 95 (1998) 181192 Love dynamics: The case of linear couples Sergio Rinaldi 1 Centro Teoria dei Sistemi, CNR, Politecnico di Milano, Via Ponzio 34/5, 20133 Milan,...

QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...

Write 2 paragraphs about Macro risks and the term structure of interest rates article. No max word count, page count, or formatting requirements but has to be submit to my tutor's work as my own....

please help with below question as per the attached article on Using Supply Chain Analysis to Examine the Costs of NonTariff Measures (NTMs) : Michael J Ferrantino, WTO 1. Critically examine the...

Chapter 2 User-Centered Systems Design: A Brief History Abstract The intention of this book is to help you think about design from a user-centered perspective. Our aim is to help you understand what...

The motor carrier industry is probably the most visible segment of the transportation system in the United States. The motor carrier is also the most significant element of the U.S. freight transport...

Responsibility Center Presentation Imagine you have been selected by your manager to present a training session to a group of new employees. The new hires do not have accounting backgrounds and have...

the word limit should be 800 to 1000 words so please give the answers as requirement. In summary, it's time to understand your parcel characteristics as well as how the carriers will view your...

A fellow student says that there is never an electric field inside a conductor. Do you agree? Explain.

1. During its special Bay Days, The Bay advertises a Timex watch for $39.99 with a regular price of $84.99. Calculate the markdown percentage and markdown amount. Question 2. For spring break, you...

Discuss the roles blockchain technology can play in enhancing transparency and security in procurement. Link this to any organisation of your choice ( the chosen organisation is South African public...

Computer Whiz Pty Ltd (Computer) has four directors. Charlie is one of the directors. Computers constitution provides that all transactions over $5,000 need to be approved by a majority of directors....

Suppose an industry consists of two firms that compete in prices. Each firm produces one product. The demand for each product is as follows: q1 = 25 - 5p1 + 2p2 q2 = 25 - 5p2 + 2p1 The cost functions...

TRansactions (amounts in $millions): a) Purchased inventories, on account, terms 2/10, n/45, $1,300. b) Sales of inventories, on account, terms 3/10, n/30, $1,500. The cost of these inventories was...

Multiple Choice $90000. $100000. $110000. $125000. Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost types (A, B, and C) and has...

A design engineer uses CAD software to configure the manufacturing plan of a new kitchen. This takes on average 2.3 hours. Before the parts of the kitchen can be manufactured, there is an average...

13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

8. What values do you want others to associate you with?

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...