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You are interested in designing both for economically-developed countries and third-world countries. In economically-developed countries there are working dialysis systems, but your design would be an improvement. In the third-world, access to any di..
Consumers are willing to pay p(x)=100+x+.001x^2 dollars per item when the quanity is x, with 0
Suppose that in DanLand two goods can be produced: light bulbs and wires. It takes 3 hours to make a light bulb in DanLand and 4 hours to make a wire in DanLand. In YouLand two goods can be produced: light bulbs and wires. It takes 6 hours to make a ..
q.in the cagan model if the money supply is expected to grow at some constant rate m sothat emt s mt sm then equation
Extensive growth is driven by
You are given the production function Y=F(K,L)=K1/3L2/3 . a. Convert the production function to a function relating Y/L to K/L. b. Consider two countries that have access to the same technology, the same quantity of labor and capital, the same produc..
Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage. The increase in savi..
Maria is a hostess at a local restaurant. When she earned $8 per hour, she worked 35 hours per week. When her wage increased to $10 per hour, she decided to work 40 hours. However, when her wage increased again to $12 per hour, she decided to cut bac..
In a two good, two-country world, a country has a comparative advantage in any good for which it has a:
The town you live in is considering an excise tax on soda. It has been estimated the price elasticity of demand is 1.24. You have a friend that believes that tax will just be pushed on to consumers and it is a tax grab by the local government. Explai..
In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.
Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated t hat the reduction of taxes by $40 0 billion (other things staying the same) , Estimate increased l..
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