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Institutions that tend to foster growth:
A. Encourages people to spend most of their time in leisure pursuits.
B. Encourages people to pursue activities that inhibit growth in others.
C. Allows people to gain income for themselves by creating impediments for others.
D. Have incentives built into them that lead people to work hard and be increasingly more efficient.
Consider the production function Q=100L^.5K^.4. Suppose L=1 and K=1 so that Q=100. Explain the nature of returns to scale for this production function.
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
which of the following is true regarding a banks capital-asset ratio?ahigh capital-asset ratios are desirable as they
do some research on the country of ethiopia and discuss1. who in the ethiopian society has the most difficult time
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases the price ..
When Coca Cola introduced a new, low calorie version of Coca Cola called C2, despite a major marketing effort, sales of C2 were weak and by the fall many doubted that the product would last. Coke's experience with C2 illustrates the economic conce..
What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain
In the article, several people in this industry complain about thinner profit margins. Can the retail market survive with the current level of profits Do you expect there will be entry of more firms into the retail market
How do you think the principles of price elasticity of demand might be applied to the pricing of public goods? Explain your reasoning and assumptions, as well as how it might affect efficiency.
Discuss and explain the differences between short and long run costs and for the short run, discuss what the relationship is in cost theory and production theory and concept of diminishing returns?
Hasbro is approached by a savvy economist who has figured out a way to identify each market and segregate them. The demand from bronies and little girls is as indicated above.
Assume the following data describe the gasoline market: Price per gallon $2.00 2.25 2.50 2.75 3.00 3.25 3.50 Quantity Demanded 32 30 29 28 22 21 20 Quantity Supplied 16 20 24 28 32 36 40 (a) What is the equilibrium price?
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