a model with any simplifying assumptions
Macroeconomics
a model with any simplifying assumptions
Macroeconomics
Solutions
Expert Solution
Solow growth model in macroeconomics is based on simplifying
assumptions. On the basis of those assumptions, he has achieved
steady state equilibrium of growth .
Using simplifying assumptions calculate the equilibrium pH of a
solution made by adding acetic acid to water to give a
concentration of 10-2 at 25C (Ignore Activity)
using the energy balance method and usual simplifying
assumptions, estimate the evaporation rate (mm/d) and yearly
evaporation ( m^3/yr) from a lake with a surface area pf 100ha if
the net solar radiation is 200 W/m^2
using the energy balance method and usual simplifying
assumptions, estimate the evaporation rate (mm/d) and yearly
evaporation ( m^3/yr) from a lake with a surface area pf 100ha if
the net solar radiation is 200 W/m^2
a)What is the main purpose of simplifying assumptions of
Positive Accounting Theory (PAT)?b)Explain why PAT assumes
‘problems’ between managers and shareholders? Suggest ways
shareholders can minimise these “problems”c)Define ‘creative
accounting’, and its relationship with ethical dilemma for
manager.
List the assumptions of the NPV model. Are these
assumptions valid when a company is considering extending its
credit period from 30 to 90 days, if all its competitors retain a
30-day credit period?
In the traditional market model, there are major assumptions
that impact the ability of the model to function efficiently. So
far in the course, we have reviewed the first eight of these
assumptions. It is important to relate them to the current
provision of healthcare to determine the workability of the
traditional market model.
Tasks:
List the first eight assumptions of the free market.
Discuss how each assumption is important.
Explain your conclusions for each of the assumptions relating
to...