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Supposed that two nation start out in 2013 with identical levels of output per work hour – say, $100 per hour. In the first nation, labor productivity grows by 1 percent per year. In the second, it grows by 2 percent per year. Use a calculate or spreadsheet to determine how much output per hour each nation will be producing 20 years later, assuming that labor productivity growth rates do not change. The, determine how much each will be producing per hour 100 years later. What do your results tell you about the effect of small differences in productivity growth rates?
What are some examples, other than those given in the chapter of technological change that has caused unemployment? And what are some examples of new technologies that have created jobs? How do you think you might measure the net impact of technological change on overall employment and GDP in the United States?
q.address the following questions1. what is the elasticity of the demand for cookbooks bought this way?2. is the
Why is the stock market affected by predictions that the Federal Reserve will raise interest rates in the near future?
If you were to take the position of a supply-sider which is a proponent of supply-side economics, illustrate what tool of Supply-side economics do you believe would help promote economic growth In the United States given today’s economic environ..
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
Optimization with 2nd order conditions and identifying the properties of functions: 1. Solve the following optimization problems Check 2nd order conditions to confirm that your solution is a maximum. Check if the objective function is concave, convex..
q. find the equilibrium price and quantity after the shift of the demand curve.if instead two new stores that sell
What happens to Bond prices, quantities and interest rates if (Make sure to include the supply and demand graph for bonds for each question :
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the first ..
Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."
If several different sovereign nations form a cartel within the energy industry such that the four-firm concentration ratio is 0.90, does the concentration ratio necessarily represents the relevant market and should this be considered a violation of ..
Suppose the UN has two pure strategies: It can either inspect facilities X and Y (both of which are geographically close to each other) or inspect facility Z. Find a Nash equilibrium in mixed strategies.
You are considering buying a house and renting it to students. The yearly operating costs are $2,050. The house can be sold for $335,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. If the house cos..
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