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Explain The Economic Opportunity Act of 1964 and the programs created under it are classified as institutional programs. Increasing opportunities for the poor was the main concern of this act which proves that the basis of this act fits the model for institutional programs.
If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual photos of every item for sale to be posted instead of a manufacturer’s stock picture of the product, the supply of products in good condit..
Carl and Simon are two rival pumpkin growers who sell the pumpkins at the local Farmer's Market, and their pumpkins are identical. The demand function at the farmer's market is q = 3200 - 1600p where q = qc + qs. How will Simon's reaction function l..
Consider the case of neoclassical production function : Y= 0.75X + 0.0042X^2 - 0.000023X^3. State down the corresponding profit function. State the profit maximizing condition
Thriving service industry that contributes to 70% of the GDP of Singapore. It best utilizes the pro-business environmental policy of the government that encourages investment in different sectors with attractive incentives. Location advantage. Singap..
q1. elucidate how do the gdp per capitals change after accounting for price indices? explain why is it significant to
What value of price elasticity of demand for electricity is assumed by people who draw the vertical demand curve? What evidence from the new York experiment is consistent with this hypothesis? What evidence is inconsistent?
At its current level of production a firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm’s marginal cost curve crosses the marginal revenue cu..
When U= alnx+blny. Solve for the indirect utility function. Solve for the expenditure function (either by inverting the indirect utility function or minimizing expenditure using the Lagrangian method).
Illustrate what are the indicators of underdevelopment in a world economy.
Consider a market where demand is D: P = 24 – Q and supply is S: P = 2 + Q. 1. Equilibrium quantity Qe is a. 10 b. 11 c. 12 d. 13 2. Equilibrium price Pe is a. $11 b. $12 c. $13 d. $14 3. Consumer surplus CS is a. $50 b. $55 c. $60 d. $60.5 4. Produc..
Which of the following is NOT a function of rental prices? What are the effects of an increase in the minimum wage? who would be most affected? The minimum wage laws seek to.
Gross domestic product measures... The consumer price index is used to measure inflation over time by cataloging the price of the same basket of standard consumer goods. In the year of my birth, 1987, the consumer price index was at 113.60. By 2014, ..
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