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Suppose that manna from heaven falls faster and there is a one-time permanent increase in the rate of technological progress, so g rises to g’. What does this imply for the growth rate of output per worker over time? Explain in analytical and graphic terms.
Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.
The existence of non pecuniary benefits associated with education causes estimated rates of return to education to _______ the actual rate of return for a typical individual.
Suppose the income elasticity of demand for pre-recorded music compact disks is +4 and the income elasticity of demand for a cabinet maker's work is +0.4. Compare the impact on pre-recorded music compact disks and the cabinet maker's work of a recess..
An agribusiness firm may undertake three alternatives: The Stinson family owns a farm in Amarillo, Texas. Three alternatives for how to use the farm:
Human Resource Consulting surveyed a random sample of 60 Twin Cities construction companies to find information on the costs of their health care plans. One of the items being tracked is the annual deductible that employees must pay. Compute the stan..
You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your product is better than the competition.If this legislation is passed, by how much should you expect your profits to chang..
A factory and an amusement park are both located next to a residential neighborhood, creating a noise problem that the local government is considering regulating. The amusement park’s total cost function for reducing the noise level by D decibels is ..
What is the smallest integer-valued annual compound interest that will result in an investment tripling in value in less than or equal to 12 years?
How do you calculate per capita income and capital per worker in the Solow Growth Model?
Please state what you think citizens, governments, and (ideally!?) firms should be doing in the rich countries to help those who live in the rest of the world. You can cite altruistic reasons as well as some springing from self-interest.
q.a machine has a first cost of 100000 in todays dollars and a salvage value of 40000 in current dollars at the end of
Utilize this concept to construct an example in which a risk-averse individual prefers a gamble to a certain amount of money.
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