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"An analogy for the national debt and budget deficit would be total amounts owed for student loans after graduating from college versus amount borrowed each year to go to college, respectively" Do you agree with the statement? Why or why not?
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
Suppose both Smith and Jones utility functions of U(X,Y) = XY1/2. Smith is endowed with (X, Y) = (9,25) and Jones is endowed with (X, Y) = (25,9). Draw an Edgeworth box with indifference curves through this endowment.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
q. 1 the contracting and organizations research institute at the university of missouri maintain lots of interesting
q1. a third country fun land also produces food and drinks. in fun land one resource unit produces 8 tons of food and 6
q.graphically prove or disprove the following statement. explain your reasoning. after last years strike baseball has
learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself
q. consider the following data on us gdp.year nominal gdp billions gdp deflator base year19962000 9873 1183 1999 9269
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
Suppose there is an increase in the population growth rate. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run.
If, in addition, currency deposit ratio(c) is 0.05 and excess reserve ratio (e) is 0.15, what is money multiplier. Explain why money multiplier differs from simple deposit multiplier.
Assume that the marketplace for sweaters is perfectly competitive. The future value of a deposit in a savings account will be larger
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