Detailed... explanations.

d) Suppose instead that government spending and taxes are raised simultaneously, such that the budget remains balanced. What level of government spending and taxes are needed to attain full employment output (Y=800)? What will be the level of consumption?53. Select the correct statement about the term hog cycle' from the given list of statements below : (a) It describes the phenomenon of cyclical fluctuations of supply and prices in the livestock markets. (b) It shows the fluctuations in the sugar production following a low and high, every three years. (c) It indicates the technical analysis concerning the cyclical rise and fall in the prices of the blue chip shares after every change in government at the national level. (d) The cycle show the behaviours of industrial activities in the developing countries, which get affected by the agricultural performance in the concerned countries.37. Assume that the cost functions of two firms producing the same commodity are C1 = 2q1 + 20q1 -2q192 C: =3q3 + 60q2 Determine the output levels of the firms on the assumption that each equates its private MC to a fixed market price of 240. Determine their output levels on the assumption that each equates its social MC to the market price.128. During the Eleventh Five Year Plan the centrally sponsored scheme of *Assistance for Development of National Parks and Sanctuaries' was modified and renamed as 'Integrated Development of Wildlife Habitats' with the following components. Select the correct answer using the code given below: 1. Support to Protected Areas. 2. Protection of wildlife outside Protected Areas. 3. Recovery Programme for saving critically endangered species and habitats.99. Consider the following list of some Financial Institutions of India: 1. Financial Finance Corporation of India 2. Industrial Credit and Investment Corporation of India 3. Industrial Development Bank of India 4. Unit Trust of India Which of the financial institutions have gone for reverse merger? (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 3 and 4Problem ETH2. The trees in Forest d grow such that the volume of timber at time t can be represented as f(t) = 900t - 501- + 60t' + 71". (Note that these trees do not follow a typical biological growth function). The annual real interest rate is 0.19, and each unit of timber can be sold at a price of 100 Yap pieces of stone (YPS) net of harvest costs. Assume there is no opportunity cost to using the land to grow timber. Att = 89 years from the beginning of the trees' growth, Imhotep obtained sole ownership of the forest through a surprise bequest. What is the marginal cost he would incur by waiting to cut the trees for another year? Should he wait another year to cut down the trees?89. Select the incorrect statement/statements concerning the wholesale price index (WPI) in India, today using the code given below: 1. The data of WPI for the 'primary articles' are released now on monthly basis following the general international practice aimed at giving a real trend of price levels. 2. The data of WPI for the 'manufactured items' and the 'fuel and power' group are released now on a weekly basis so that the industries get the correct and timely signals of the market situations. CODE: (a) Only 1 (b) Only 2 (c) 1 and 2 (d) None of the above8. Gordon model: Suppose price of fish P = 10, and total cost of fishing effort is TC(E) = 1000E. a Find the Total Revenue Product Curve. b. Suppose the fishery is managed by an owner with exclusive property rights. Find the level of effort E that maximizes the rent from the fishery, and calculate the rent. c. Find the level of effort that would occur under open access. d. Under open access, is this fishery suffering from economic overfishing? e. Under open access, is this fishery suffering from biological overfishing? Why or why not?1. 5 pts] Assume that prices are perfectly flexible. The money supply in England (f) is expected to grow at 3%% percent per year and the money supply in Canada (CAD) is expected to grow at 7% per year. Each country's real output growth rate is expected to be 2%. What is d;. "CAD/L' the expected CAD-pound depreciation rate