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An economy has a single consumption good produced using labor and a single consumer. The production process has decreasing returns to scale. Explain the derivation of the optimal commodity tax when profit is not taxed.
can a corporations annual profit be predicted from information about the companys ceo? forbes may 1999 presented data
We wish to establish which one of these additional variables will reduce the residual-sum-of squares the most when included with those in X1. Describe an efficient procedure for doing this.
Calculate how much total spending as a percentage of GDP has increased since the 1960s.
The Parker Company's stock has a beta of 1.2. The risk-free rate is presently 5 percent and the market risk premium is 4%. Calculate the new required return if the slope of the SML is now 0.05
Discuss this result and explain why you do (or do not) find the implications plausible.
Consider a production function for an economy: Y = 20(L.5K.4N.1) where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply
Why is the opportunity cost of a woman with a college education having a child greater than the opportunity cost of a woman with just a high school education having a child?
A loan of $20000 is to be financed to assist a person's colllege education. Based upon monthly compounding for 48 months, the end-of-the-month equal payment is quoted as $520. What nominal interest rate is being charged
A competitive refining industry produces one unit of waste for each unit of refined product. The industry disposes of the waste by releasing it into the atmosphere. The inverse demand curve for the refined product (which is also the marginal benef..
Analyzing domestic market for corn Qd= 1800 -125P-10pw Qs = 440 + 165P Quantities in millions of bushels; prices are measured in dollars per unit. Pw is the price of wheat. Pw = $20, calculate the equilibrium price and quantity of corn.
Calculate and interpret the turning point for the effect of labour market experience on the log of the wage. Test whether an individual's ethnicity has a significant effect on their wage.
A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos
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