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Questions: A country is endowed with 15 units of capital, 20 acres of land and 100 laborers. Capital and land are specific to the manufacturing and food sectors, respectively. Let the price of food be fixed at 1, and suppose that, in autarky, the price of manufactures is 2, while in free trade, it is 3.5. The marginal product of labor is given by the following functions:
What is the percentage change in the real income of capital owners in terms of each good, as the country moves from autarky to free trade?
What is the percentage change in the real income of land owners in terms of each good, as the country moves from autarky to free trade?
if the demand schedule for bongs book is q 2000-100p the cost of having the book typeset is 9000 and the marginal cost
What variables are used? Why are the variables used in the model?, Consider relation among measurable variables, what is the impact of an independent variable X on a dependent variable Y, what are some additional independent variable that could in..
Please share your understanding of the relationships between expenditures and sales. You are encouraged to discuss all of the marketing, advertising, promotions, and any other expenditure related to sales.
Suppose you are given the following equation: X = 2Y - 4. where X is the variable measured on the horizontal axis and Y is the variable measured on the vertical axis. Suppose that something happens so that for every X value in the original equation..
Draw a graph that depicts the balance between the marginal benefits of flossing your teeth in terms of the number of flossings per week and the marginal.
A delivery firm has two types of van, A and B, and carries three types of load, X, Y and Z. Each van is capable of carrying a mixed load, but only in certain.
a) What are the ways can the fed raise the interest rate on the economy such as the mortgage rates and other lending rates?
Give an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
what is the definition of price elasticity of demand? what is the relationship between price elasticity of demand and
As a result of the combined efforts of an impressive collection of computer science geniuses headquartered at Xerox's Palo Alto Research Center (PARC).
Lufkin Trailer Corporation assembles up to 30 trailers per month for 18-wheel trucks in its east cost facility.
A new employee at CLL Engineering Consulting Inc., you are askedto join a team performing an economic analysis for a client. Your task is to find the Time-0.
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