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A natural disaster will have a negative effect (or increase the depreciation) to the economy. By using Neo-Classical growth model and Current Value Hamiltonian, (1) are you agree with that statement? (2) Also show that accumulated capital golden rule and its modification!. The production function is O = AK&; I - where K is capital and L is labor
What is the present worth of the savings over the next 5 years? Over the next 10 years?
Recall the Application about adapting growth accounting to new developments in the economy to answer the following? question(s). According to this? Application, economists Carol Corrado and Charles Hulten found that
Explain Consumer price index (CPI) measurement problems and disadvantages?
Suppose a liquidity trap exists and current output is below its natural level.(i.e. an economy is currently operating at the zero nominal interest rate) can this economy return to its natural level automatically? if it can not, explain the mechanism ..
The fact that movie theaters charge a higher price to see a movie in the evening as compared to the morning even though there is no change in cost is known as:
Triggers are ethnocentric responses to differences and defensive reactions to ethnocentrism. Any number of things can serve as triggers, but they generally fall into the following categories: voice, appearance, attitude, and behavior. Describe a trig..
A homeowner selects 25 bulbs and finds the mean lifetime tobe 980 hours with a standard deviation of 80 hours. If a = 0.05, test the manufacturer's claim.
Find the marginal rate of substitution, Discuss how MRS XY changes as the consumer substitutes X for Y along an indifference curve,
Illustrate what is the firm's profit maximizing output level. Is the industry in long-run equilibrium.
ADVANCED ANALYSIS Currently, at a price of $2 each, 200 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $2 to $4 is unit-elastic (Es = 1). In the long run, a..
Employee pension funds have a total worldwide value of $13 trillion and U.S. pension funds have over $7 trillion in assets invested in stocks, bonds, and other instruments—this is labor’s capital. To promote employee ownership unionism, one suggestio..
The total cost of the current training is $80,000 per year. If new would reduce cost to $60,000, what is the maximum cost to initiate the program
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