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Answer to Question #67351 in Microeconomics for Willis
Question #67351
Kindly solve this for me. I just want to know the value of y
y=100+0.3y+2000-2.1r
y=100+0.3y+2000-2.1r
Expert's answer
If y = 100 + 0.3y + 2000 - 2.1r, then:
y - 0.3y = 2100 - 2.1r,
0.7y = 2100 - 2.1r,
y = 3000 - 3r.
y - 0.3y = 2100 - 2.1r,
0.7y = 2100 - 2.1r,
y = 3000 - 3r.
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