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Professor Dale Jorgenson provides a data set of output and four inputs (capital, labor, energy, and materials) at www.economics.harvard.edu/faculty/ jorgenson/files/35klem.html for 35 sectors of the economy. Compare the average product of labor in agriculture (the first sector in the data set) in 1996 to that in 1986, 1976, and 1966.
What combination of the two goods below allows you to maximize your utility with a budget constraint of $14? Show how you arrived at your conclusion in the space provided below. Place your final answers on the lines at the bottom of this page. ..
Describe a leadership development program you feel would be effective to keep managers aligned with customer needs and responsive to their staff'sneeds.
Suppose that two players are playing the following game. Player A can choose either Top or Bottom, and Player B can choose either Left or Right. The payoffs are given in the following table: Player B LEFT RIGHT Top 4 5 1 4 Player A Bottom 5 1 3 8
If quantity of money is $3 trillion, real GDP is $10 trillion, the price level is ..09, the real interest rate 2 percent a year, and the nominal interest rate is 7 percent a year, calculate the velocity of circulation, the value M times V, and nom..
Examine the charts and correlation tables. Do men or women pay (on average) higher rents? How can you tell?
Find the equation describing the LM curve. Note that since I did not give you a specic P (and the LM curve is always drawn given a specic P), you will end up with an equation in three unknowns (Y,P,r).
Summarize any recommendations you might make as to what should have been done differently, and why.
Given what you know about production technology and production functions, explain this seeming inconsistency.
Suppose the production manager is told to minimize the short-run total cost of producing Q units of output. While total output Q is exogenous, the manager can choose how much to produce at plant 1 (Q1) and at plant 2 (Q2), as long as Q1 + Q2 = Q.
Explain the importance of threat credibility here.
Consider an economy where consumer t receives an endowment of 1 unit of the single consumption good at time t and obtains utility only from consumption at times t and t + 1. All consumers meet at time 0 to trade. What is the equilibrium? Is exigen..
According to the News on page 677, what percentage of retail jobs would be lost if the minimum wage were increased to $9.50 Obama Wants $9.50 Minimum Wage (Crains)- When Barack Obama and his fellow Democrats take power in Washington.
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