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Starting with nation 2 pregrowth production frontier, draw a production frontier for nation 2 showing neutral technical progress that doubles the productivity of labor and capital in the production of a. both commodity b. X commodity only c. Y commodity only and compare it with the graph of this starting with nation 2 pregrowth production frontier, draw a new production frontier for nation 2 showing the rybcznski theorem for doubling for the amount of capital only.
you are responsible for economic policymaking in your country. your desire is to eliminate inflation keeping prices
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
Tariffs not only reduce the volume of imports, they also reduce the volume of exports
How does the amount of unemployment created by an increase in the minimum wage depend on the elasticity of labor demand Do you think an increase in the minimum wage will have a greater unemployment effect in the fast-food industry
Suppose that there is a decline in the cost of a unit of capital. In the long run a.) What will be the substitution effect of this change on use of capital and labor, and why How would this be shown on an isoquant diagram (a diagram isnt needed, j..
The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in total?
Demand for a managerial economics text is given by Q=20,000-300P. The book is initially priced at $30.00. Write the demand equation for which the price elasticity of demand is zero for all prices.
Determine the price elasticity, and income elasticity of demand and where Q denotes passengers in thousands per year, P the (average) ticket price, and I US national income.
how will the entry of firms such as apple google amazon hulu and comcast into the business of streaming movies affect
question 1 what do you mean by a social welfare function? if you suppose that such a function exists what properties of
How many states had an increase in the poverty rate compared to last year Why did this happen What new programs have been initiated to combat poverty at the state or federal levels
do you believe global currency would redistribute wealth among all countries? if global currency was backed by a fixed
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