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1. Why are expenditures in education skewed towards higher education, in spite of the fact that returns on primary education are higher than on tertiary education?
2. Discuss the criticisms of human capital theory put forward by proponents of screen- ing theory.
3. Discuss the most common indicators of educational performance and their strengths and weaknesses.
7. Given the Adam Duritz utility function between CD's (C) and hard candy (H) is , a. Sketch Adam's indifference curve for U=5, U=10 and U=20.b. Suppose Adam has $100 to spend and that CDs cost $2.50 and hard candy cost $10. Draw Adam's budget constr..
A competitive, profit-maximizing firm will choose to hire workers up to the point where the value of the marginal product:
Let the inverse demand curve for tennis classes is: P = 90 - 1.5Q. If the equilibrium price is $15, calculate the optimal quantity and the consumer surplus. If price increase to $30, calculate the optimal quantity and the new consumer surplus.
Hasbro is approached by a savvy economist who has figured out a way to identify each market and segregate them. The demand from bronies and little girls is as indicated above.
collect data on sales from any retail store of choosing for the last 10 months or 10 years. Predict the sale for the 11th month or 11th yr using a 3-month moving average and a 4-month moving average. Calculate the MAD for the 3-month or 3yr and 4m..
At what output is AVC at minimum? If the market price of firm's output is $7 per unit, should the firm produce or shut down?
What are financial intermediaries? How do these intermediaries function in the economy and what is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
describe each of the four properties of indifference curves. explain what is meant by asymmetric information. identify
An oligopolistic firms's demand curve will be kinked at the current market price if: a. firm acts as a price leader in the industry, b. the firm produces a differentiate product,
explain how rent seeking can lead to a drop in productin of goods and services.what role might the underground economy
suppose david spends his income i on two goods x and y whose market prices are p x and p y respectively. his
to implement the program you must write several subroutines and a main program to operate an engine control unit which
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