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Country A has twice as many workers as Country B. Country A also has twice as much physical capital, twice as much human capital, and access to twice as many natural resources as Country B. Assuming constant-returns to scale, which of the following is higher in Country A?
a. both output per worker and productivity
b. output per worker but not productivity
c. productivity but not output per worker
d. neither productivity nor output per worker
What are the individual and organizational benefits of a formalized career development system?
Problem: Explain the impact of ICT in economic development?
The publisher of an on-line Economics Primer course is trying to sell the primer to a group of MBA students and a group of EMBA students in the US. The maximum willingness to pay and the number of students in each group
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
The Laser Printer Company decides monthly what to produce during the subsequent month. It produces three types of specialty printers-the Laser Rocket, The Laser Omega and the Laser Alpha-which bring them profit of $60, $90, and $73, respectively.
What are the issues surrounding the sovereignty of states and their governments' ability to regulate their economies? In what ways is economic globalization responsible? In what ways is it not responsible?
Suppose that you are given a sorted sequence of distinct integers{a1,a2,...,an}.Give an O(lgn) algorithm to determine whether there exists an i index such as ai=i.For example, in {-10,-3,3,5,7}, a3=3.In {2,3,4,5,6,7}, there is no such i.
What are your recommendations explained by your analysis? The number of sellers determinant must contain your analysis of the kind of market structure in which your firm or labor service will be sold.
l. How can you tell that this is not the long-run least cost of producing this level of output m. How would the firm adjust its labor and capital usage to produce this level of output at least cost in the long-run
Why is a depreciation of a country currency not necessarily a bad thing?.
Distinguish between short- run and long-run production decisions and illustrate their impact on costs and economies of scale.
Suppose the total benefit derived from a given decision, Q, is B(Q) = 25Q - Q^2 and the corresponding total cost is C(Q) = 5 + Q^2, so that MB(Q) = 25 -2Q and MC(Q) = 2Q.
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