The history of the Arabian Nights and how they were collected and published in Arabicessay TOPIC:FOCUS:Writing (length: 1200-1500+ words).12 pt. standard font (Times) MLA formatMinimum 3 references (please review class materials and assigned readings)

Final Exam (Part 1):

Note this is a live link and the content will be amended as the exam is being written. What you have now are the early parts of the exam on which to work. I will send notice to the class when material is added, including links to accompanying videos. This exam will not be due until the day of the final. In fact it will be due immediately before you take you final exam.

Directions: This will be the the first numeric example for the Final Exam which will consist of a take-home portion and an in-class portion. This is part of the in-class portion

Consider the following 2 x 2 system:

 
A1j

A2j

Lj

Qj

Yj

Wheat = 1
4.5×1

⅓ x2

⅔ L
9×1

 

iron = 2
1.5×1

⅔ x2

⅓ L
1×2

 

Total = ∑
 
 
 
 
 

Arrive at the Net Product for the system
Arrive at the inter-industry coefficients matrix and the direct labor vector for the system.
Find the characteristic equation and identify the Frobenius Root. Use the Frobenius Root to arrive at the Standard ratio.
Use the Standard ratio to arrive and the q-multipliers for the system. Be clear to identify the industry by which the Standard system is normalized.
Identify the Standard net product.
Write the System of equations for solution of the system when Standard commodity is numeraire (question 9 asks you to solve the system).
Solve for the values wheat-as-numeraire values for five regimes of distribution from the lower limit of r = 0 to the upper limit of r = R. Make the second regime halfway in between the extreme values and the fourht regime in the neighborhood of R:

r0 = 0 (lower limit of r)

r* = R/4  (quarter way between the extremes)

r* = R/2  (halfway between the extremes)

r≈R ≈ R (in the neighborhood of R)

rmax = R = ρ∑ (upper limit of R)

Use wheat as numeraire values to ascertain the configuration of exchange at the various regimes of distribution. Draw the two-quadrant graphs for each numeraire.
Solve for Standard prices of the system. Note that these prices are in the table below

 
0
0.05
0.1
0.19998
0.2 = R

p_1
0.0833333 x1-1

0.08119658 x1–

0.07894737 x1–

0.0740751 x1–

0.07407407 x1–

p_2
0.625 x2–

0.63461538 x2–

0.64473684 x2–

0.66666204 x2–

0.66666667 x2–

w
0.25 L–

0.1875 L–

0.125 L–

2.5E-05 L–

0 L–

Using the appropriate ratio of Standard prices, arrive at configuration of exchange for the various regimes of distribution for the various commodity-as and labor-as-numeraire values.
Using Standard prices Arrive at the LMP ratios for the system and the aggregate LMP. 
Show the “coincident ratios” in the system.
Using Standard prices, arrive at the relative unpaid wage (w(-)) for the different regimes of distribution using the formula:

                        w(-) = (pY)/L  – w(+)

Construct the following table for each regime of distribution:
r = given

Industry
LMP Ratio
p1A1j +p2A2j = pA
Zr = rpA
Ze = w(-)Lj
w(+)Lj

pjYj

pjQj

Wheat = 1
 
 
 
 
 
 
 

Iron = 2
 
 
 
 
 
 
 

Sum
 
 
 
 
 
 
 

 
 
 
 

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