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Question: Growth and development: In 2010, Ethiopia had a per capita income of $700, about $2 per day. Compute per capita income in Ethiopia for the year 2050 assuming average annual growth is
(a) 1% per year.
(b) 2% per year.
(c) 4% per year.
(d) 6% per year. (For comparison, per capita income in Mexico in the year 2010 was nearly $12,000, about 30 percent of the U.S. level.)
ace and baumont corporations make and sell electrical equipment. both have to decide whether or not to discount. the
suppose that the government places a ceiling on the price of internet access below the equilibrium price.a. show why
Assuming the industry is perfectly competitive, calculate the domestic equilibrium price and output combination and Is the outcome in part B desirable from society's viewpoint
How can a firm check that its advertising-to-sales ratio is not too high or too low?
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Assume a firm has the production function Q = 2.5K 0.4 L0.5-Write the firm's Isoquant equation associated with the production of 20 units of output.
Given the above information, assuming that autonomous consumption and the marginal propensity to consume are constant, find an equation for consumption as a function of disposable income (Disposable Income = Yd = Y - (T - TR))
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The efficient level of a negative externality is always a positive amount. Briefly explain your answer
Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years. What is the future worth at the end of 10 years when the interest rate is 9% compounded at the given intervals?
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