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What is the relationship between the age structure of a population and its dependency burden? Is the dependency burden higher or lower in developing countries? Why? Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?
What would be the dollar value of the recessionary gap What would be the potential GDP number corresponding to a natural rate of 7% What would be the value of the expansionary gap
When the price of oranges increases from $1.00 per pound to $1.50 per pound, quantity demanded falls from 500 pounds to 400 pounds. Calculate the price elasticity of demand. Is the demand for oranges price elastic, inelastic, or unit elastic.
Show that licensing can be beneficial for firm 1 in this case and therefore increase innovation incentives. Explain why the results differ between the two cases.
Market research at Apple Corporation has shown that the demand function for its new iPhone is as follows: QA = 3 - 0.02PA + 0.0002I + 0.01PS where QA is the quantity demanded (in thousands) of iPhones, PA is the price of an iPhone, I is consumer i..
Determine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 50 bags.
At what salary would it make sense for this firm to hire an incompetent manager?
For what levels of output does your firm have economies of scale? Is this a case for natural monopoly Why (b) Now assume you are a monopolist, and the demand for your product is P=2000-5Q. What price will you charge How much deadweight loss will ..
(a) Find the price and quantity that maximizes the company's profit. (b) Find the price and quantity that would maximize socialwelfare/total surplus. (c) Calculate the dead weight loss from monopoly.
From the scenario, assuming Katrina's Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
One alternative way (from the formula on p. 419) to calculate the total change in money supply when the Fed injects money into the economy or takes away money from the economy is the amount of money injected or taken away by the Fed times the mone..
P = 800 - 0.16 If the goal of the transit authority was to maximize total revenues, what is the new price it should set Also, what would the total revenue raised in this new price scheme
if the interest rate is 10%, what is the present value of a security that pays you $1100 next year, $1210 the year after, and $1331 the year after if the security sold for $3500, is the yield to maturity greater or less then 10% Why
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