Question
6. The national savings function for Slugsylvania is 2Y2 + 5y + 7 where Y is...
6. The national savings function for Slugsylvania is 2Y2 + 5y + 7 where Y is annual income and S is annual savings, and both are measured in S billions a. Compute the marginal propensity to save and the marginal propensity to con b. Approximately what proportion of income is saved when Y is very large (as sume when Y10. Round vour answer to the nearest million. Y → 00)?
Answers
s = 2y^2 + 5y + 7/11y + 111 y: $bn s: $bn (i) MPS & MPC at y = 10 MPS = partial differential s/partial differential y rightdoublearrow Fod: First order differentiation partial differential s/partial differential y = (4y + 5) (11y + 111) - (2y^2 + 5y + 7) (11)/(11 y - 111)^2 at y = 10: partial differential s/partial differential y = MPS = (45) (221) - (257) (11)/(221)^2 = 9945 - 2827/48841 = 0.14 MPC = 1 - MPS = 1 - 0.14 = 0.86 (b) s = 2 + 5/4 + 7/y^2/11/y + 111/y^2 s at y rightarrow infinity = 2 {unit x/y^n rightarrow 0 } x notequalto 0 thus $ 2bn is saved
Similar Solved Questions
1 answers
Match each pair of quantities correctly. Drag statements on the right to match the left. 25...
Match each pair of quantities correctly. Drag statements on the right to match the left. 25 km C 2.5 x 104 um 2.5 cm po 25,000 m 0.25 m Do 2.5 x 10 nm do 2.5 x 10 km 2.5 mm Do you knol the answer?...
1 answers
QUESTION 4 Player II DE F 5,3 3,5 8,5 1,2 0,2 9,3 6,3 2,4 8,9 A...
QUESTION 4 Player II DE F 5,3 3,5 8,5 1,2 0,2 9,3 6,3 2,4 8,9 A B C Player ' Consider the strategic form game above. In this game, the following strategy profiles are inefficient (Please, select all that apply) a. (B,E) b. (CD) C. (CE) d. (A,F) €. (B,D) Of. (B,F) 9. (A,D)...
1 answers
Calculate the equilibrium concentration of dissolved oxygen in 25°C water at sea level (p = 1.00...
Calculate the equilibrium concentration of dissolved oxygen in 25°C water at sea level (p = 1.00 atm), and again at 4000 m elevation in 5°C water. [Use the exponential p vs. z equation provided in the lectures, not the empirical formula given in the textbook.] P(z)=P(O)exp(-z/H)...
1 answers
An electron is shot through a varying electrical field. Initially the electron is moving in the...
An electron is shot through a varying electrical field. Initially the electron is moving in the x-direction with a velocity V_x = 100 m/s.The electron enters the field when it passes the origin. The field varies with time, causing an accele(ration of the electron that varies in time: a(t) = (-20 m/s...
1 answers
How do you express #r^-20# as a positive exponent?
How do you express #r^-20# as a positive exponent?...
1 answers
14. (Bpts) Consider an agricultural production function Y = F(KL), where is the number of units...
14. (Bpts) Consider an agricultural production function Y = F(KL), where is the number of units produced, Kis capital invested, and Lis labor input. Then Y = dY/dK is called the marginal product of capital. Similarly, Y = dY/dL is the marginal products of labor. (1) (2pts) in economics, what does dY...
1 answers
Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon....
Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $800. If the yield to maturity remains at the current rate, what will the price be 10 years from now? Your answer should be between 770.15 and 1.026.90, rounded to 2 decimal places, with n...
1 answers
E figure to find the exact value of the trigonometric function 21) Find sin 20. 29...
e figure to find the exact value of the trigonometric function 21) Find sin 20. 29 21 20 840 A) 841 9 3)-841 D- se the given information to find the exact value of the expression. 22) sin θ , θ|ies in quadrant 1 Find cos29. 12 13 119 169 121 -169 120 169 1 t yalue of the expression....
1 answers
Alpaydin, Ethem Introduction to Machine Learning (Second Edition, 2010) Chapter - 2 Exercises 3- The complexity...
Alpaydin, Ethem Introduction to Machine Learning (Second Edition, 2010) Chapter - 2 Exercises 3- The complexity of most learning algorithms is a function of the training set. Can you propose a filtering algorithm that finds redundant instances?...
1 answers
Question 15 View Policies Current Attempt in Progress On October 10, the board of directors of...
Question 15 View Policies Current Attempt in Progress On October 10, the board of directors of Pinto Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be ...
1 answers
A researcher was attempting to quantify the amount of dichlorodiphenyltrichloroethane (DDT) in spinach with gas chromatography...
A researcher was attempting to quantify the amount of dichlorodiphenyltrichloroethane (DDT) in spinach with gas chromatography using a chloroform internal standard. To begin, the researcher examined a sample containing 7.88 mg/L DDT standard and 3.80 mg/L chloroform as the internal standard, produci...
1 answers
Please be clear with the answer The compound shown below is the product of a Claisen...
please be clear with the answer The compound shown below is the product of a Claisen condensation. Draw structural formulas for the reactants: ester and enolate ion. • Assume all esters to be ethyl esters. . Do not include counter-ions, e.g., Na+, 1", in your answer. • Draw the enolate...
1 answers
Can someone please help me?
Can someone please help me? engineering Electrical-Engineering 0 0 Add a comment Next > < Previous Sort answers by oldest Votes Oldest Newest Homework Answers (vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display("vi_1841577960"...
1 answers
Question 10 (3.3 points) Peachtree State Bank is offering a savings deposit account with a stated...
Question 10 (3.3 points) Peachtree State Bank is offering a savings deposit account with a stated nominal interest rate of 5.4% per annum. Interest is paid quarterly. Morris Moneybaggs plans to deposit $10,000 into the account today and wants to accumulate $30,000 in the account. How many years will...