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Explain the concept of urban bias. What policies are associated with it, and what are their likely effects on urban and rural areas? Now explain the economic benefits of concentration of economic activity in cities. How are various costs of doing business likely to be affected? Why are some of the potential benefits of urbanization lost when congestion becomes substantial? What policies are likely to strengthen or weaken the opportunities to take advantage of the economic benefits of cities?
Various financial data for 2007 and 2008 follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years. What do these measures tell you about this company 2007 2008
1. consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor
Initial estimates of the parameters for an investment are given below You wish to do multi parameter sensitivity analysis based on the sensitivities shown. AW is the preferred measure of worth. Parameter Initial Investment ..
Assume a natural monopoly with total costs C=500 20Q. Market demand is Q=100-P. a) Suppose that average cost pricing is employed. Find price, output, and the deadweight loss. b) Now consider two-part pricing.
Joseph starts to make quarterly deposits of $1,500 (at the end of a quarter) into an investment account at the age of 45. If he wants to have $250,000 when he retires at the age of 65, what must be the nominal and the effective interest rates per ..
In the long run, Martha Mowers can assemble 300 mowers per week at a total cost of $18,000; 400 mowers at a total cost of $24,000; or 500 mowers at a cost of $35,000. Using the red points (cross symbol), plot the long-run average total cost (LRATC)..
Billy Penny is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit..
A monopoly with constant marginal costs MC = 6 has two potential groups of customers, whose demands are Q1 = 24-p and Q2 = 24-2p respectively. If the monopoly can charge them the same two-part tariff, what is the optimal unit price p and fixed fee ..
In contract law, promises are enforceable if supported by consideration-that is, if they are mutual. In contrast, promises to give gifts are not generally enforceable unless the intended recipient incurs some expenses in anticipation that the prom..
the basic purpose of this course is to prepare students to carry out their own econometric study. students will be
The Do-Drop-Inn, Inc., provides vacation lodging services to both family and senior citizen customers. Yearly demand and marginal revenue relations for overnight lodging services, Q, are as follows: Family PF = $40 - $0.0004QF MRF = $40 - $0.0008Q..
If a tax equal to 10 percent of the value of the wine is imposed, who pays more in taxes? Who pays the greater amount as a percentage of income?
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