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Singapore is among the most open trading economy by global standards because of its lack of natural resources and consequently has to design its trade policies for both imports and exports accordingly. Discuss its success in export-oriented industrialisation strategies.
A competitive firm has the production function q = f(L,K) = sqrtL + 2sqrtK , for which MPL= 1/2sqrtL and MPK = 1/sqrtK. Find the firm's conditional factor demands for L and K at the factor prices w = 4 and r = 2. What is the firm's (total) cost curve..
She put her savings into mutual fund that paid a nominal interest rate of 7 percent a year. CPI was 165 at beginning of year and 177 at end of year. Illustrate what was real interest rate that Sally earned.
Suppose the government increases purchases in an economy with a recessionary gap. How would this policy affect bond prices, interest rates, investment, net exports, real GDP, and the price level?
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. The total demand for mobile phones is given as, If Apple wants to maximize profits, how many mobile phone units should they produce? How muc..
Ptarmigan Investment Company (Ptarmigan), a partnership, entered into a contract with Gundersons, Inc. (Gundersons), a South Dakota corporation in the business of golf course construction. Gundersons sued Ptarmigan and its individual partners to reco..
q.this problem uses the solow model to analyze the e?ects of immigration. suppose that the economy is initiallyin
The chart on the following page shows the average daily demand for tokens on a major urban rapid transit system. What is the elasticity of demand at a fare of $2.50/token? Is the revenue maximizing fare higher than, lower than or equal to $2.50/token..
Assume that students and non students have revealed their group demands for junior college education, a public good, as follows: Q=1500-0.25P, Student demand , Q=4000-P, non student demand, Where Q is the number of students educated per year and P is..
q1 if you are the chief economist of a country experiencing full employment and high inflation levels over the past
For a monopolistically competitive firm in long-run equilibrium: In comparing the demand curve of a monopolist with that of a monopolistically competitive firm, we would expect the monopolistic competitor to have a:
The Dallas Electronics Company is considering replacing an old, 1,000-pound-capacity industrial forklift truck. The truck has been used primarily to move goods from production machines into storage. Compare the after-tax EUAC of owning versus leasing..
What are the mean and standard deviation of the average loss for 15 policies? (Round standard deviation to two decimal places.)
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