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How does an increase in government spending affect capital per worker?
What is the crowing out affect?
Please explain in full deatil and make it easy for me to understand with short defintions!
What is the most that the city should pay to the contractors as an incentive for completing the project four weeks early?
Assume that there are two types of consumers. In particular, consumers of type 1 has utility function u(x, y) = x^0.5 y^0.5, whereas consumer of type 2 has u(x, y) = x^0.3 y^0.7. Both of them have income given by I>0, and the prices denoted are by PX..
How does the philosophy of economist Milton Friedman influence the employees, executives/managers of the company and corporate decision? Discuss Ford or Lee Iacocca moral responsibilities to stakeholders and to the safety of customers. What ethical f..
Historical data suggests that in the athletic shoe industry, the price elasticity for shoes is approximately -0.67. Explain what price elasticity is, and how to interpret the stated elasticity for athletic shoes of -0.67. What effect would you expect..
An airplane crashes as the result of a non-negligent defect in an instrument supplied by A. The airplane was manufactured by B from various components, including the instrument from A, and is operated by C, an airline. What economic difference does i..
Why are standards important for competition in the European market? Discuss examples (like telecommunication)! New members want to join the EU: Please name economic arguments to discuss if a further enlargement makes sense.
Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
If a company invests $50,000 now in a software package, how much will the annual costs be if it expects to recover the investment in 10 years at an interest rate of 10% compounded per year? Calculate nearest value to:
1. Discuss the taxation history and problems. Explain Mankiew's point of view (in the EconTalk) on gasoline.
Assume that the marginal propensity to consume is 0.90 and autonomous consumption expenditures equal $100 billion. Further, assume that planned investment spending is $300 billion and government spending, taxes, and net exports are zero.
In what ways do you think Unions contribute to unemployment. Do they affect structural unemployment but not the natural rate of unemployment?
A firm has the following relationship between the number of employees it has (E) and its daily output: Employees (E) output APE MPL VMPE 0 0 1 50 2 60 3 68 4 74 5 78 6 80 In the table above, calculate and enter the average products of labor (APE).
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