Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose Home is a small open economy and received a significant amount of capital.
1) Suppose that Home produces both computers and shoes using labor and capital. Both factors are perfect mobile across industries. The production of computers is more capital intensive than the production of shoes. All assumptions of the HO model holds except that capital can move across countries. Analyze, algebraically, how the inflow of capital affects the industry outputs in Home.
2) Suppose that Home produces agricultural goods using land and labor, and produces manufacturing goods using capital and labor. Land is specific to the agriculture sector and capital is specific to manufacturing sector. Labor is perfectly mobile across sectors. All assumptions of the specific-factors model holds except that capital can move across countries. Analyze how the inflow of capital affects the industry outputs in Home.
Consider a hypothetical island with only ten people. Eight have income of $10,000, one has income of $50,000, and one has income of $100,000.
As you read the article, concentrate on the fourth paragraph, which describes the traditional market structure for Indian agriculture. How well does the description fi t the four characteristics of perfect competition?
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of labor in the market.
What are the implications of these results for a policymaker who wants to assess the costs of a recession?
(Aggregate Expenditure)What are the components of aggregate expenditure? In the model developed in this chapter, which components vary with changes in the level of real GDP? What determines the slope of the aggregate expenditure line?
What is an output gap in this hypothetical economy? Based on your estimate of the output gap, would you expect the unemployment level to be higher or lower than usual?
Use these prices to calculate the marginal value product of fertilizer and its cost. You can do this somewhat crudely based on the table of numbers that you compiled above, or you can do something fancier using the equations that Excel fitted to t..
Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as
Use the Microsoft SQL Server Management Studio to submit the SQL statement in Review Question 10.3 to create the PICTURE table in the MEDIA database.
Calculate the profit each firm earns in equilibrium
The demand function for VCRs has been estimated to be Q_v=134-1.07P_t+46P_m-2.1P_v-5M , where Q_v is the quantity of VCRs, P_t is the price of a videocassette, P_m is the price of a movie, P_v is the price of a VCR, and M is income.
Copy the circular flow diagram onto a sheet of paper and then add a foreign country as a third agent. Draw a rough sketch of the flows of imports, exports, and the payments for each on your diagram.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd