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Consider an economy in which the amount of investment is equal to the amount of savings (i.e., the economy is closed to international flows of capital). Any output that is not saved is consumed. The production function is y=Akα. Find the value of γ, the fraction of output of income that is invested, that will maximize the steady-state level of consumption per worker. (This is called the "golden rule" level of investment) How do you interpret that?
Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
How does advertising become unethical? B- What steps must each part of the advertising "communication" process take to ensure that it remains ethical
Taking all taxes into account, what are your average and marginal tax rates? What happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000?
q1.the item to rice or paintings. which product did you expect to have a higher index of intra-industry trade and
Explain why capital flows cause imbalances in the current account. Post to the discussion board your 200 word answer focusing on selecting and organizing your most relevant comments in a coherent fashion.
Illustrate which of the following is an example of the legal-regulatory environment surrounding advertising also promotional activities of businesses.
q.q1. explain how do i calculate the midpoints and marginal costs of 1 thing in terms of the other and the other thing
part a1. economics is the study of the principles governing the allocation of scarce means among competing ends when
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
q.a competitive firm sells its product at a cost of 0.10 per unit. its total cost function istc 5 - 0.5q 0.001q2a
Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).
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