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One reason to expect convergence between developing and developed countries would be more rapid capital accumulation in developing countries because the marginal product of capital would be lower in developed countries.Do you agree or disagree with this statement? You cannot choose both agree and disagree. Type if you agree or disagree first, then shortly explain your reasoning witha paragraph in the context of the textbook of this course.
How can queuing promote equity?
Find example that shows ideas can have big consequences in the world. Describe the problem and how the idea helped to solve the problem.
Assume that the hacker makes random guesses. What is the probability that the hacker guesses the password on her first try?
Calculate the arc price elasticity of Tempurpedic mattresses. Explain what it means.
The following ricardo type table shows the labor input required per unit of output in each of the two industries in each of the two countries. Suppose that Germanz is a much larger country in terms of production and income than the UK. In this situat..
find the new equilibrium GDP when I increases to 350 and all other values remain the same.
Patents allow a company to have a monopoly for a period of time. Monopolies result in lower quantity supplied and higher prices to consumers. Do you think companies should be allowed to obtain a patent on a product or not?
What exactly is computational economics? For example, does certain software for calculating/predicting/visualizing cost of manufacture falls under computational economics?
The economy is initially in a steady state. Now suppose there is a one-time increase in the number of workers (or aggregate labor)
How are prices determined under perfect competition? Think about a firm that you have done business with recently. To what industry does this firm belong? For example, McDonald's is a firm in the fast food industry. What market structure would this i..
A mononopoly faces a market evenly split between high valuation consumers, with demand P = 4 - 0.5y, and low valuation consumers with demand P = 3 - 0.75y. Suppose the firm has MC = 0. Suppose the firm is free to use two-part tariffs as a pricing sch..
Last year in a particular market area it is found that 1000 people have their vision checked each year. The average price of the exam is $50.
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