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Compare and contrast the different "schools of thought" on the important issues regarding the nature of the British Industrial Revolution
Should the objective of the firm be shareholder wealth-maximization. Illustrate what are the limitations of the wealth-maximization model of the firm. What are the alternative models of the firm.
Derive and graph foreign export supply curve and find the price that would prevail in Foreign in the absence of trade. Allow Foreign and Home to trade with each other. Graph equilibrium under free trade. What is the world price and the volume of trad..
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
One group of economists, the monetarists, look at the equation of exchange and say that the Fed should simply increase the money supply by an annual rate equal to the long-run growth rate of the economy. Explain the effect that such a policy is likel..
What are important outcomes of growth models such as Harrod-Domar and Solow models? Explain carefully how these results arise. In what way did the developmentalists practically approach the investment question raised by H-D and Solow. Discuss solutio..
If the prevailing marketplace price is $17 every unit, Elucidate how many units will be produced also sold. Illustrate what are profits every unit.
Determine marginal product of labor. Show whether or not the above production function exhibits diminishing marginal productivity of labor.
The board of a company has to elect a new CEO. Three members are on the board, 1,2,3. After a first round of selection, three candidates are left: α, β and γ. Preferences are as followed: Consider the game when all weakly or strictly dominated strate..
Assume for simplicity that a monopolist has no cost of production and faces a demand curve given by !Q = 150−P. Calculate the profit maximizing price-quantity combination for this monopolist. Calculate the monopolist’s profits.
Utilize these new diagrams to Elucidate the long-run which will take place in this industry.
Suppose the current equilibrium price of a quarter-pound hamburger is $5 and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $.50 per hamburger, the equilibrium price of hamburgers rises to $5.20 ..
What was the percentage change in productivity over the past two years?
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