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Suppose the production function for good q is given by q = 3K + 2L, where K and L are capital and labor inputs. Does the above production function exhibit return to scale and constant returns to scale? Why? Show calculations.
In recent years, labor costs in Korea have been rising about 10% faster than in the US. To what extent did this contribute to the devaluation of the won.
Currently, what indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?
Describe how you would balance the needs of Sparksville's environment and economy. Explain your reasoning.
Two bridge designs have been proposed for the new interstate highway to cross Rio de Lubbock. A bridge constructed from wood will cost $6,000 and will last for eight years. A bridge constructed from steel will cost $11,000 and will last for twenty ye..
Consider an increase in the demand for petroleum engineers in the United States. How would the supply of these engineers respond in the short run.
Discuss the relationship between saving and consumption. In your discussion, distinguish between saving and savings. Consumer spending is directly affected by expectation of future income.
The winner of the men's and women's tennis singles at the Canadian Open is paid twice as much as the runner-up, but it takes two players to have a singles.
There is a micro finance institution in Tanzania that is worried about a set of payments that have yet to arrive. Without these payments.
The total variable cost of unit 3 is $165.00 while that of unit 6 is $522.50;The average total cost of unit 5 is $99.00, while the average variable cost of unit 4 is $55.00; The total cost of unit 1 is $247.50 while the total cost of unit 2 is $308.0..
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.
suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets
Consider the following two-stage game. At time 1, an incumbent firm (Firm 1) chooses its price (p1). Take p1 as given. Conditional on entering, what price will firm 2 set? For what values of p1 will Firm 2 enter
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