Q1. Get an answer from tutors to this homework question now:
Let us Suppose the subsequent figure represent the component of GDP in a county
C = 70+ 0.8YD
I = 60
G = 170
a. Calculate the equilibrium level of income
b. Calculate the multiplier in this model
c. Illustrate what is the level of saving in equilibrium
Q2. TC= 1500 + 200Q + Q2
Qs = 40,000 + 60P
Qd = 80,000 - 40P
calculate the profit maximinizing output
calculate the economic profit earned
Illustrate what is the industry for product equilibrium