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In the Solow growth model, if depreciation is .1, the production function is y=k, and the savings rate is .5, what will be the growth of the economy in that year?
In the above, is there a steady state? If not, why not? If so, what is it?
Which of the following believes that modeling of economic markets is too complex to model effectively? Which of the following is most closely associated with "supply-side" economics? Which of the following is schools of thought dominated the economi..
Should companies have a big role in improving the world? Do you think the pharmaceutical businesses have a social responsibility to make drugs that will combat diseases that are a result of poor living conditions, even though profits will be limited?..
A small truck is purchased for $22,000. It is expected to be of use to the company for 6 years, after which it will be sold for $4,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life..
Externalities. Consider the example of the perfectly competitive steel firm from class. The firm takes the market price p = $35 (per unit of steel) as given and chooses quantity q (units of steel) to maximize its profits. Design a (“Pigouvian”) tax t..
What should happen to the extraction (usage) rate of iron ore when. There are two general methods that governments use to sell mineral rights to the private sector. One is production royalties where the private firm promises to pay a certain amount ..
The Solow growth model predicts that in the steady state, output per worker grows at the rate of growth in total factor productivity (TFP). Use the ratio of real GDP to total employment (from the current population survey) as a measure of output per ..
Jane obtains utility W1/2 from wealth W. Jane has $100, but there is a 25% chance she will require surgery which costs $64. calculate the expected value of Jane's wealth. calculate Jane's expected utility. what is Jane's certainty equivalent?
At the current price level, would it be viable for the firm to increase the price level of its brand of coffee. Support your answer.
Employee evaluations require a strong set of job descriptions, as well as a proactive communication system from managers who give timely feedback to their employees about performance issues as they arise. What should this kind of evaluation system lo..
q.the owner of a new restaurant is planning to advertise to attract customers. in the bayesian game nature determines
Arguments for public subsidies for education are based upon: The cobweb model of educational attainment is most likely to be applicable when:
Who compiles data for the national accounting in US? How GDP is measured through income approach? How GDP is measured through expenditure approach? What are the differences between income and expenditure approaches in measuring GDP?
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