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According to Banerjee and Duflo, poor people make decisions differently than do those who are not poor. In their view, this is the fundamental obstacle to economic development in poor countries. Do you agree or disagree? Explain your answer.
Compute the marginal and average tax rates for three individuals respectively earning $70,000, $93,500 and $200,000 annually.
You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?
Suppose that a firm's production function is given by U=K.33 * L.67, where marginal product of capital is QK = .67(K-0.67 * L.67) and MPL is QL = .67(K.33 * L-.33).
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
Identify and talk about at least four companies that you regard as having characteristics listed here. Suppose you bought common stock in each of four companies identified here.
q1. it some respects karl marx could be thought of as one of the last of the classical economists. analyze this
examine the following list of goods and services. which goods and services should be included in fredonia gdp in 2009
Capital, K, has a price of $16 perunit and labor, L, has a price of $8 per-unit. In the short-run capital is fixed at 8 units. Find the choice for labor necessary to produce 40 units of output at minimum cost.
Show on a graph the market supply of labour considering the graphs of willingness to work and ability to work? and what happens to the labour supply when the willingness to work and ability to work changes?
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
How do the issues relating to the cases or regulations help to reduce market power and maintain competitive markets?
q1. if the equilibrium level of aggregate expenditure is 80 billion as well as there is a reduction in consumption of 2
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