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Compare and contrast the three basic types of planning models: aggregate growth models, input-output analysis, and project appraisal. What do you think are some of the strengths and weaknesses of these models from the standpoint of planning in developing nations?
In what ways does neoclassical theory provide a useful framework for analyzing environmental issues? What are some of its limitations?
If a consumer has expenditure function e(p; u) = au(p1b + p2c), where a; b; c are strictly positice constants, what is the Hicksian demand function for good 1.
Suppose Noah and Naomi's short-run weekly production function for garden benches is F(L) = min{0, L - 2}, where L represents the number of hours of labor employed. The wage rate is $15 an hour. What is their short-run cost function?
Perform a Box-Cox test to determine whether there is a significant difference in the fit of the linear and logarithmic regressions for your category of expenditure.
Suppose that as an owner of a federally insured S&L in the 1980s the price of real estate falls, and most of your loans go into default. In fact, so many loans go into default that the net worth of the S&L is a negative($5 million). Federal regula..
Suppose the equation for th LM curve is Y=13500+100r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls.
If GDP is increasing by 3% per year how long will it take GDP to double?
If marginal cost is equal to marginal revenue at MC=MR=$20, what is the profit maximizing level of production (assuming that the firm should produce at all)?
You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100 Y4 = $0 Y5 = $0 Y6 = $0 Y7 = $500 Y8 = $500 Y9 = $500 Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year.
If the theater is open, the owners have to pay a fixed nightly amount of $500 to show a film. In addition, the movie house incurs an additional cost of two dollars for each person that attends a movie.
Haircuts in Mulletville. The town of Mulletville has a single hairstylist. The marginal cost of a haircut is the same for men and women ($10). The quantity of haircuts is 100 for men and 100 for women. The profit-maximizing price for women is $35,..
The United States was devastated through the Crash of 1929 and the following depression. What policies were enacted during the New Deal contain finance speculation and turbulence?
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