Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q @ Mon Apr 4 8:01 PM .. Annol 3 M X Sy 2(21- * VHL(| Home C (1) SF G 1) Sp Goog NYU |M Inbox * VHL( G spatial Rese! | Burni Due Today C @ File | /Users/shaindelbrodie/Downloads/PS5_SP22.pdf Schedule groupon and 21 other items Microsoft Word - PS5_SP22.docx 1 / 3 - 100% + no recalling of already submitted sets only one single file submissions Ow (1) Spatial Equilibrium with different Utility Curves. This question is challenging. its Assume two urban clusters, X and Y, exhibit the same utility function Ux = Uy = 2N - 0.08N- , 1 where N denotes population in million. a) If both clusters have a population of Nx=Ny-20, what is their utility? V b) Now assume, cluster X is able to shift its utility curve up and now enjoys Ux = 2N- 0.07N- while Y remains on its old utility curve. Assuming no population change, what is X's new utility? 2 c) As a response of the shift of Ux, people from Y will now move to X. If one million people move - what is the resulting Ux and Uy? Are X and Y in equilibrium after the one million population change ? d) How many people must move from Y to X in order to reach the spatial equilibrium? Be precise - down to two decimals. You can solve this either mathematically by solving a quadratic equation or with Excel tables, trying step by step. What is the resulting Ux and Uy 3 (2) Short Multiplier Questions a) A coume a city Inoure that its long-term income multiplier equals 2 75 PS5_SP22.pdf 24634e079bbbb...pdf W- Schematic pres....docx DOS PALABRAS-...pdf DOS PALABRAS-....pdf Show All X APR 646 4 istv B W Aa