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Country X and Country Y have the same level of output per worker. They also have the same values for the rate of depreciation, &, and the measure of productivity, A. In country X output per worker is growing, whereas in Country Y it is falling. What can you say about the two countries' rates of investment?
Compute the price elasticity of demand.
Colin faiths that the number of job offers he will get depends on the number of courses. He concludes from observation that the following figures are typical.
If a nation can make a product efficiently but there is no domestic market for that product, how can that country increas through producing that item? Discuss the determinatives of demand and supply of a product.
Starting with estimated demand function for Chevrolets given Problem 2, suppose that the average value of the independent variables changes to n=225 million,
Illustrate what is nominal GDP. Illustrate what is real GDP included in each.
In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
When the demand line is perfectly elastic, there is no deadweight loss after taxation and firms must not operate if the market price is less than ‘break-even' price.
Consider a market-clearing economy in which output (Y 1 )depends only on the capital stock (k 1 ) and an exogenous productivity variable ( θ1 ) according to the production function y1 = θ 2 f(k 2 ).
The raise of Hispanics in the labor force but required data showing what it means. Explain how much of and increase in the labor force.
Explain why would Pepsi agree to pay such a fee. What would likely happen if there were no pouring rights on campus.
Explain why is the depreciation of capital good a cost of society
What is business cycle? Describe the four phases of the business cycle. Where on the business cycle do you think the U.S. economy is today?
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