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Different theories of convergence
Contrast the results on convergence from the diffusion theories with those from the Ramsey model. Is it feasible to distinguish the theories empirically? If so how?
Do you see a link between deficits and real interest rates? In what period does the relationship seem clearest? Do your answers change when the ten-year government bond interest rate is used instead of the three-month rate?
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $15.00 per unit for the first 50 units and then $35.00 per unit for all successive units.Does price exceed avera..
There are H consumers and n firms. The demand of each consumer is x(p) = 1 - p and the cost function of each firm is c(y) = (y)^2/2. Compute the competitive equilibrium price, quantity and the consumers' and producers' surplus as functions of H and n..
Nan King Furniture owns and operates an industrial lift truck in their warehousing operation. The record indicates that the lift truck was purchased four years ago at $12,000. The estimate salvage value is $3,000 after four years of operation.
Gold Trackers watching the value of precious metals and has daily information on prices and sales of gold for the last many years.
Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for Seth is given by the equation C2 = 120 - 1.2C1 where C1 = possible consumption in year 1 and C2 =..
a. If these products are sold in the ratio of 4A for 3B, what is the break-even point b. If the product mix has changed to 5A for 5B, what would happen to break-even point c. In order to maximize the profit, which product mix should be pushed
Total Total Average Fixed Variable Total Total Marginal Quantity Cost Cost Cost Cost Cost 0 $40 0 40 X X 1 40 55 95 95 55 2 40 75 115 57.50 20 3 40 90 130 43.33 15 4 40 110 150 37.50 20 5 40 135 175 35 25 6 40 170 210 35 357 40 220 260 37.14 50 8 40 ..
Steven has an income of $50, which he can spend on two goods: DVD and cups of iced coffee. Both are normal goods for him; each DVD costs $10 and each cup of iced tea costs $2. For each of the following situations
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
What are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums
Alternitive A: $2,500 initial cost, 10 year economiclife, $500 salvage, $4,500 per year O & M. Buy a new oneevery 10 years Alternitive B: $3,500 initial cost, 20 year economiclife, $500 salvage, $4,000 per year O&M. Buy a new oneevery 20 years.
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