Problem Set #2

Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.

#### Related Questions in Microeconomics

• ##### Q :Present value of future payments When

When interest rates rise, in that case the present value of future payments will: (w) fall. (x) rise. (y) remain the same. (z) depend onto the transactions demand for money.

How can I solve my Economics

• ##### Q :Workers volunteered to work in purely

Even though workers volunteered to work as "for free", such purely competitive firm would never hire more than: (i) L2 workers. (ii) L3 workers. (iii) L4 workers. (iv) L5 workers. (v) L6 workers.<

• ##### Q :Monopolistic competition firm in

firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.

• ##### Q :Diseconomies of scale problem Can

Can someone help me in finding out the right answer from the given options. When the average production costs rise as the total production of a firm rises, the firm is experiencing: (1) economies of scale. (2) Economies of scope. (3) Diseconomies of scope. (4) Disecon

• ##### Q :Determine produce economic profit When

When point e corresponds to \$9,000 per RoboMaid, Robomatic can produce economic profit all month of at most around: (1) \$25 million. (2) \$40 million. (3) \$55 million. (4) \$70 million. (5) \$85 million.

##### Q :Comparative advantage of growing fruits

The Oranges are grown-up in Florida and potatoes are grown up in Maine mainly as: (i) There is no orange-grower’s lobby in the Maine to save from harm and Maine oranges from the unfair competition. (ii) Potatoes are not eaten in the Florida. (iii) Maine consists

• ##### Q :Poverty and Human Capital Enabling

Enabling labor to move out of low-wage occupations by enhancing their education, skills, training and mobility, which will tend to: (w) lower the wages of those who leave the low wage occupation. (x) raise the wages of those who remain in the low wage

• ##### Q :Instance Diminishing Marginal Utility

Assume that you were permitted to eat as many ‘free’ jelly beans as you want at present. Subsequent to a few, you start to eat more slowly and to select some flavors over others. You might ultimately stop eating a ‘free’ and enjoyable good sinc

• ##### Q :Economic foundations of the single tax

The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler.

How can I so

• ##### Q :Determine when demand for product is

The demand for Robot Butlers (i.e., termed as “Robotlers”), that is unitarily elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

18,76,764

Questions