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How would you explain the growth collapse in mineral-driven resource-rich economies over the past 15 years or so. Outline the standard explanations of the "resource curse" elaborating on both the external and domestic causes.
Ahmad has an income of Rs 100 and he wants to purchase two commodities namely, Pepsi and Coke at the prices of Rs 20
The market of natural gas is described by the following supply and demand equations: Qs = 14 + 2 PG + .25 P0 Qd = -5 PG + 3.75 P0 where Qs represent the quantities supplied and demanded of natural gas (in millions of cubic feet), PG represents the pr..
Suppose that Drexenture, a new consulting company, has the following production function: q=2c+4e+.5c*e where q is the number of reports produced, c denotes the number of fresh college graduates, and e denotes the number of experienced consultants. W..
Explain how such a tax-and-spending program would differ from the law in terms of effects on the government budget.
At the profit-maximizing output a certain monopolist's price is exactly twice as high as marginal cost. What is the elasticity of demand
Bart Wurst runs the only hot-dog stand in a large park in a large boring town. On Sunday’s people in this town all sit in the park and sunbathe. For any t between 0 and 30, the number of people who are sitting within t minutes of Bart’s stand is 15t ..
What is oligopoly? Compare and contrast different forms of oligopoly? Discuss marginalist contrivercy and average cost pricing?
A sample survey to estimate the fast-food market in a large city was kept small enough to allow repeated follow-up. The high response rate meant that the sample was essentially random. Calculate a 95% confidence interval for the mean of the whole pop..
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
What is the optimal level of output for your company to produce/sell? What is the marginal revenue from the last unit sold?
q.suppose when russia opens to trade which introduced automobiles a capital-intensive good.a. according to the
Both wealth and poor people consume some health care. For the sake of this question, assume that all people pay the same price for healthcare, and all other goods.
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