teammathefoowrnsmacm model erasures economwithnogm m s__ 81:3"! nY- '{Ag Saving function - i- - . ERO'. 4- gY Investmentifun'etion - S- - l Equilibrium .conditio n Saving IS},- investment II},- and income {Y} are endogenous vaahies. HOweholtI- assets . exegenons to the mndei- The foil'owing paretnett restrletldns- are mama to hold. a; _ ' a;- .Arrange-thissystemlnwtheformixeb mldngsuroutthemfeientsomeinwntmhmn a the men oolun'ln, and those of Y- In the third oolinnni I2 points-.1 b. were the smeared earth; [A | In and using Gaussian eumanatien reduce this tn [E 14$;th Iii: tansular echelon matrix and d is the transformed b vectors (4. points}: c. From your answer to I; rst show that B-is'a noofsinglar matrht, arid obtaiue d. Use derivathres to nd and interpret the impact of a change In: ea'oho'l'the mitosis Income. {4- points) ___ _ . . -' :e.-What"I1past-'dn 1-m.have-OiuilfhUiI-lifesimm'i? WEN _i I .. _ "I I ' ' -- mmmnaeMCemum-elated - _A. A rm 5 prodantion function Is: Y = {45/3} + .'30x3- + 10X, where Y] 1. Find the marginal and average product functions. (2 points} 2. Then nd the level of employment- IX\") at which each function is. reached In each case aslngthe second-order condition. are\" ' average and marginal functions. I5 points) B Suppose\" household saving S is related to income " - as ra- the nature ofthe relationship hetWeen theaeerage' ' ' to Illustrate your answer. It poihts) Ni _ _ .. . _ _ _:s3m1('iis..n.. totaleostCIsmlnimized Dnnstforgetts hecktheseaand ordey ._ (iii) Amman\" in in (In; nd. _anet interpret .d .. -. :' " B Cens'iderthe function: _y= {5;?I3} (is! _+. )i-I- 1'05. ' Ii .1. Find the value o'fx atwhish {dying-o. (2-: Inoints} 2. Dete'trnine whether this is a. maximum, minimumsrenmesen' Mnmil's} consider the foilowmgtwo-maricetmajsm made; 1:12" a sev- en 550.041: is. 1'- sad {estimation W) ' - .Y='C;- -t- io- Equilibrium condition [Goods market) Metre? hii esnawhaimey.\" - Me= Mn .Equlllbui assessor: {M " where c. is consumpsm' i: is means, R\" is the rate ' f'i'nterest, ._ _ detemiined money "supply; Isis emaenous investment, and at,- it _ 3-. Arrange this four-equation sistem In the- st-tn axe-b points) I: Usmg te two; enunlibrm-n conditions, reduse sit