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"Economic development is not just about income; but, to achieve a high level of well-being for the average person, a society that is starting out at a low level of income per person needs to achieve and sustain rapid economic growth." Do you agree or disagree? Discuss critically.
There is no "right" or "wrong" answer to the questions. Your answers will be judged based on the quality of your analysis and reasoning, not whether you "agree" or "disagree" with the propositions in the questions. A high quality answer will focus on concepts, arguments, and evidence (whether qualitative, quantitative, or both), and not on merely stating opinions that fail to be backed up by analysis.
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
Your company needs to replace its natural gas-fired commercial boiler. The old model (with basic features) has a capacity of 50 MBtu/hr and was purchased in 2007 at the cost of $181,000.
The producer in the perfectly competitive market above will pick a level of production such that:
Sam is interested in buying two types of goods, x and y. He can either use all his income to buy 3 units of x and 9 units of y, or 9 units of x and 3 units of y. If he spends all his income on x, how many units can he buy?
How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? are short term costs linked to just one input factor as a variable, with all other factors held constant as production increases?
You are employed by a firm with monopoly power. The boss wants to increase profits. Explain the power of price discrimination to your boss. Discuss the requirements and assumptions for successfully implementing this approach, and the likely outcomes...
What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.
Using a balance sheet like the one presented above, show how the transaction affects the central bank's balance sheet and the money supply.
q1. in a recent survey of high school students it was found that the average amount of money spent on entertainment
Explain what Constitutional issues are raised with Wells Fargo and Disneyworld having access to customers’ fingerprint records. Who is the custodian of the fingerprint records and any rights the custodian maybe violating.
Harper Engine Company needs $600,000 to take a cash discount of 1.5/10, net 60. Abanker will loan the money for 50 daya at an interest cost of $12,100. What is the effective rate on the bank loan? How much would it cost (in perecentage terms) if Harp..
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
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