ARCH and GARCH models are estimated using the

Suppose the real GDP in an economy in the year 1999 was $2,000 and the total population was 500 . The economy experienced a 5% growth in real GDP and a 2% growth in its population in 2000 . Calculate the change in per capita income of the economy during this period

a. +1% b. +2.5% c. -3% d. +3% e. -4%

Based on all these data, the equilibrium price of the product in the market will be:

Refer to the cost table above. Now suppose that there are 600 identical firms in this industry, each with the same cost data as the single firm discussed above. Suppose, too, that the demand curve for this industry is as follows:







A. $60

B. $95

C. $120

D. $75