A firm uses capital, K, to produce revenue.The revenue function is given as Revenue = $4.7K0.5.If the interest rate is currently 21%, what is optimal K for the firm to choose?(PREVIOUS QUESTION) DO NOT ANSWER

A household has a wealth endowment of $5 and can use this to either consume (C) or save (S).Consumption of C yields a consumption benefit to the household of $3.9C0.5.If the current interest rate in the market is 33%, then to maximize the total payoff from C and S, it is optimal for the household to choose(PREVIOUS QUESTION) DO NOT ANSWER)

ANSWER THIS

Using the revenue function and consumption function given in the previous questions, at an interest rate of 55%, in the market we have a case of

Group of answer choices

market equilibrium

excess demand

excess supply