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Show and discuss the economics of land reform policy to redistribute agricultural lands across two equal groups of farmers. Assume the two groups have the same human capital in terms of farming (same Marginal Product curves) and that the amount of agricultural available land is fixed and constraining. Find the agricultural output maximizing allocation of land between the two groups. Show that any other allocation of land will result in lower total output. Discuss the output per person in each group under both scenarios and why a sub-optimal distribution of land might persist.
Determine the path followed by capital per worker and output per worker in the first 15 periods after z falls.
MAN1092: ECONOMICS FOR BUSINESS, “It is assume that consumers are the most important players in the business environment. Make the case for or against this claim using examples and theory to support your answer”
A company borrows $100,000 today at 12% nominal annual interest. The monthly payment of a 5-year loan is most nearly? A tractor cost $7,500. After 10 years it has a salvage value of $5000. Maintenance costs are $500 per year. If the interest rate is ..
In game theory, a player following a maximum strategy
In long-run competitive equilibrium, product price equals long-run average cost and also equals long-run marginal cost. Thus, economic profit equals $0. Please explain why firms have not incentive to exit the industry.
Parts two and three of AMERICAN PASTORAL represent Nathan's version of Swede's life, which you are to evaluate. To what degree is this version "true," in so far as it accurately includes the information Nathan learns about Swede in Part one of the bo..
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one avoid obvious examples like gender, race, etc.).
Discuss your opinion regarding whether unions are still relevant and necessary in today’s work environment. What other means might be used to ensure ‘‘employee voice’’ in the workplace?
Describe how each of these activities affects government households as well as businesses.
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
Compute the regular expenditure multiplier also the net tax multiplier if the level of consumption increases from $80,000 to $92,000 as a result of change in income from $120,000 to $140,000.
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