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Explain the essential distinctions among the stages-of-growth theory of development, the structural-change models of Lewis and Chenery.
Using the purple line (diamond symbols), graph Bertland's production possibilities frontier (PPF) for a given WEEK. Then place the black point (X symbol) on Bertland's PPF to show its current consum
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds?
There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage ra
Decision process in choosing some activities over others. Would you expect the choices she made today to have been different if she had an economics test tomorrow?
A recent study found that the (inverse) market demand curve face by the two firms is P=280-2(Q1+Q2), and costs are C1(Q1)=3Q1 and C2(Q2)=2Q2. What is each firm's marginal revenue
Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff?
Draw the indifferent curve for this utility function. Find the Marshallian demand functions for X and Y and the corresponding indirect utility function.
If depreciation and financing costs are not included in accounting costs, what is the optimal level of capital for the firm? If the corporate tax is 35%, what is the optimal level of capital?
The government modifies the consumption tax somewhat so that the first $20k of consumption in each period is tax free. Now graph the budget constraint.
Finally, explain why sharp decline in oil prices might not necessarily have positive or negative impact on the US equity markets (stock market) even at the current trend of volatile oil prices.
Iincreased demand while minimizing costs. Explain two (2) advantages and disadvantages for each method that you have chosen. Provide support for your response.
Suppose the firms compete by picking quantities simultaneously, like in Cournot competition. What will be the equilibrium price, quantity, and profit to each firm.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams. Is money neutral in the "Flexible-Wages Monetary Model" ? Why or why not?
What is the equation for the AS curve? What restrictions on the parameters do we need to ensure that AS curve has a positive and ?nite slope? What are the economic intuitions for these restrictions?
In institutions, or under 16 years old. There are 188 million who are employed and 12 million who are unemployed. What is the unemployment rate?
The introduction population growth drops to the constant rate n1 analyze the effect of this policy using continuous-time solow model without technical progress.
If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country?
If he increases output to 220 earmuffs, his total cost increases to $2,100, and his fixed cost remains $400.00 What is Ernie's marginal cost per earmuff?
Are there any pure-strategy Nash equilibria? If so, list them. If not, explain why not. Suppose that v = 3, nd one mixed strategy equilibrium where each player randomizes among (0,1,2).
Explain how it will affect the number of employees you schedule? All other things being equal, what will happen to prices of the Galaxy and the iPhone? Why?
Determine the number of machines that will allow Missing Link to maximize its profit. Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machin
Where m is income and p1 and p2 are prices. Let the horizontal axis resresent the quantity of good 1. Let p1=1 and p2=2. Then for m>2, what is the income offer curve?
What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
The capital gains tax rate for the company is 18% in 2012 and this furnace is classified with a 10 year class life and is depreciated using the straight line schedule since this is foreign equipment