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Assume an urban cluster's income (I) is given by the function I=4N-0.05N2, where N denotes the cluster's population in million. The cluster's diseconomies of aggregation (C) are given by C=0.5N2.
(a) Calculate the city's utility maximizing population.
(b) At this population, how large is the resulting utility, how large is the cost?
(c) Compute the resulting utility if the population were on million higher and one million lower than the optimum.
You are running a company that is owned by stockholders. Your goal is to maximize shareholder value. Explain how each of the following events is likely to affect shareholder value and identify uncertainties related to their effects.
Illustrate what is the present equivalent of the overhaul expenses at time 0. Illustrate what is the yrly equivalent expense during only yrs 5-13.
The local community has instituted a price ceiling of $480. Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
q. there are three major network affiliate television stations in hicksville rbc cbc and mbc. all three stations have
Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.
Clearly evalute at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
q.there are two countries- home and foreign. suppose that the production of vacuum cleaners exhibits external economies
Describe the slope of the isocost and isoquant curves, and hence derive a relationship between the productivity of capital and the productivity of labour.
The market demand curve is given by P = 100 - 4Q. Also, each firm has constant marginal cost equal to 28. There are no fixed costs. How much output will each firm produce in the Cournot equilibrium?
illustrate what happens to economic output and inflation and explain why these changes take place.
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