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After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological change and economic growth? What exactly determines the rate of technological progress? Finally, how would you work the variables contained in these models into the Harrod-Domar growth model?
a smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Find out the curve for MR and use it to find the monopoly output and price. Calculate the output of a perfectly competitive market if the MC is the same as the market supply.
Who sells permits and Explain how many do y sell. Who buys permits and Explain how many do y buy. Briefly explain why sellers and buyers are each willing to do so. Illustrate what is total cost of pollution reduction in this situation.
Illustrate what happens to money supply, interest rates and economy in general if Federal Reserve is a net seller of government bonds.
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
Graphically illustrate the total surplus associated with 2 randomly chosen quantities in the market (put this on two separate diagrams).
q1. recall that abc company has periodically borrowed funds but contemplates a stock or bond offering so that it can
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
Manufacturer A is starting to make Gismos at an initial production cost of $95 for the first unit and has been lowering the cost with a learning rate of 79 percent. Manufacturer B also started this year with an initial production cost of $288/unit wi..
The player averages 5 rebounds and 20 points per game. Explain to the general manager of your team whether or not to sign the player.
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