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When low income countries begin to experience economic growth, they often do so at rates much higher than current growth rates of industrial nations. Which of the following does NOT provide an explanation of this phenomenon. A, Developing countries may not need to engage in large amount of R&D as they can borrow technologies that have already been developed in industrial nations. B. Low income countries do not usually have large volumes capital. They can grow from technology improvement and capital investment, without facing diminishing returns until they reach much larger levels of income. C. as industrial countries are growing, they have high levels of capital and face diminishing returns from investment in capital. D.Industrial countries have higher rates of growth in physical capital and developing countries are not able to invent in large quantities of capital.
Explain how that the balance sheet balances if these are the only assets and liabilities.
A fast food restaurant currently pays $5 per hour for servers and $50 per hour to rent ovens and other kitchen machinery. The restaurant uses seven hours of server time per unit of machinery time. Write down the isocost equation for the restaurant.
Suppose that the demand for bentonite is given by Q = 40 ? 0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit i..
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
Consider the basic Rothschild - Stiglitz model with asymmetric information and two types on consumers. A policymaker who has taken this class suggests that is might be beneficial to impose a flat tax on healthy people and distribute the tax revenue t..
A grocery store has estimated that each plastic bag it uses costs $0.10 to produce. This amount cannot be lowered any further. The chain hires you to figure out how to encourage customers to use fewer plastic bags. what strategy would you recommend?
Elucidate how do the GDP per capitals change after accounting for price indices.
In the last few years, your company made a concerted effort to improve its minority hiring, so many of the new employees are minorities. How should you decide who to lay off?
If accounting profits for firms are 20% of output, and the opportunity of cost of financial capital 8% of output, then what do the firm’s economic profits equal?
q. athe economist on the 14th february 2008 printed the following more recently the post-mortems on americas 2001
Environmentally appropriate production technologies also precuts with eco friendly packaging also recyclable materials.
What is a call option for a stock? Suppose the current stock price is $40, and the strike (or exercise) price of the call option is $35. Is the stock option in the money or out of the money? What is the intrinsic value of this call option?
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