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Assignment:
Consider the following Cobb-Douglas production function: Y = z K^α N^β .
State the definition of constant returns to scale. What condition on α and β should be satisfied for the production to be CRS?
Suppose that your state receives a nonmatching grant from the federal government that is targeted to education spending. What does economic theory suggest.
Microeconomics Assignment Questions - Without the excise tax, what is the equilibrium price and equilibrium quantity of cola exchanged
Suppose that twenty-five years ago a country had nominal GDP of $1,800, a GDP deflator of 150, and a population of 100. Today it has nominal GDP of $2,800.
write an assessment of local economic development programs within your community. be sure to address key issues
Describe the contents of the memo Product or Service Briefly describe your product and Briefly describe a second price discrimination technique
A country currently imports automobiles at $8,000 each. Its government believes that, given time, domestic producers could manufacture autos for only $6,000 but that there would be an initial shakedown period during which autos would cost $10,000 to ..
The owner of a small retail store does her own account- ing work. How would you measure the opportunity cost of her work?
Write an Economic Article Review must be current (within two months of publication). Must be two pages maximum. With a description of the work.
Why do firms under perfect competition receive zero profit in the long run? In the perfectly competitive firm's graph below, do the following.
suppose a monopolist faces the following demand curvep 596 - 6q. if the long run marginal cost of production is
points on demand curve priceper ounce quantity ounces per showd
What is the main type of competition in an oligopoly? Give two reasons to justify monopolies. The response must be typed, single spaced.
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