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Spinner has 8 equally sized sections, 2 of which are gray and 6 of which are blue. The spinner is spun twice. What is the probability that the first spin lands on blue and the second spin lands on gray? Write your answer as a fraction in simplest form.
In short, the only difference is the exponent of At in the (final good) production function, so that now there are diminishing returns to ideas in that sector. Provide an economic interpretation for the first equation. What is the growth rate of kn..
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
What is the rollback equilibrium to this game?
What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession
Consider a market-clearing economy in which output (Y 1 )depends only on the capital stock (k 1 ) and an exogenous productivity variable ( θ1 ) according to the production function y1 = θ 2 f(k 2 ).
Problem: Use the data in WAGE2.RAW for this exercise. (i) Consider the standard wage equation
The Canadian economy is in long-run equilibrium. Assume the following events occur one at a time. Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve.
Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.
A central city imposes a rent control law that places a binding ceiling on the rent that can be charged for an apartment. The suburbs of this city do not have aren't control law. What happens to the rental prices in the suburbs and to the equilibr..
In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the government pays farmers to set aside a portion of their land from production. Using a graph, explain in terms of the elasticity of demand for farm produ..
Explain the decision by price takers to continue to operate, temporarily shut down, or go out of business, when faced with price below average total cost.
"K-12 and NCLB" Please respond to the following: Analyze the proposals for reform in the current K-12 system and determine which single proposal would be the most likely to succeed. Explain your rationale.
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