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Problem
1. The more specialized a factor of production the higher its productivity, but the lower its mobility. Why is this?
2. How would you assess whether Britain was overpopulated or underpopulated?
3. Why might (a) companies producing goods and services, and (b) local and central government be interested in whether future trends will show an expanding, declining, or ageing population?
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Part A) What is 'Classical Dichotomy'? What is the neutrality of money? Are the two related? If so,how are they related? What are the major economic and political conclusions of 'Classical Dichotomy'?
Suppose the government seeks to find the best it can do (in terms of minimizing expected costs in a dominant strategy mechanism). What is the mimimum expected payment the government must make?
A piece of equipment used for research is purchased for $870,000 and is to be depreciated over a specific period of time. If the salvage value at the end of its depreciable life is $50,000, show the yearly depreciation using a) Straight line metho..
a. What is the Nash equilibrium of the game? Interpret the result. b. What are the ways the team (or a principal acting on their behalf) can get a better outcome?
what is a situation in which this might happen in a business? i dont want a numerical solution. rather i want to know
question 1using the aggregate demand - aggregate supply ad-as diagram show how the four economic events would affect
impulse response function. suppose a one-time tfp shock occurs as shown below.as we have studied an increase in tfp
directionsa describe economic terms and concepts in question.b describe your reasoning leading from concepts in
Provide five negative consequences to British living standards during early industrialization. Provide five explanations for why Britain industrialized first.
Suppose there are 7 firms in the candy industry with the market shares shown below. What is the HHI for the industry? When a monopolistically competitive firm's demand curve shifts leftward, what happens to its marginal revenue curve?
If the needs return on the stock is 13 percent, what is the present share price.
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