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Q1. An industrial breakthrough raises a country's total factor productivity A by 10%. Show how this change involves the graphs of both the production function relating output to capital as well as the construction function relating output to labor.
Q2. The 9/11terrorist attacks caused the US airline travel demand curve to shift left by an estimated 30%. Use a supply as well as demand diagram to show the likely consequence on cost as well as quantity assuming the market is competitive. Point out the magnitude of the likely equilibrium cost as well as quantity effects, for eg. Would you expect equilibrium quantity to change by about 30%? Show how the answer depends on the shape as well as location of the supply as well as demand curves.
Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.
Describe an experiment that would quantify these two effects. Randomly select n students who have taken test only one time.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
q.consider two neighboring island countries called bertland and ernamia. they each have 4 million labor hours available
Assuming that all of each firm's $16 fixed cost is sunk, what is a firm's short-run supply curve?. What is the short-run market supply curve? c. Determine the short-run equilibrium price and quantity in this industry.
Suppose you consume nothing but goods X and Y. We have two years.
how does each shrimp producer react to the increase in price? A. Each producer decreases its production of shrimp. B. Each producer increases its production of shrimp.
Illustrate what is Gillette's advertising elasticity. Is Gillette's Demand more or less responsive to advertising than other firms in its peer group. Elucidate also Elucidate how all calculations.
Utilize the theories of international trade also investment also explain Brazil's intentions also actions regarding the international information technology sector.
Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.
suppose there is 120 million of cash and that half of this cash is held in bank vaults as required reserves that is
The article also notes that, as a consequence of the rent control laws, the price of owner occupied housing has increased greatly. Utilize a supply and demand model to model this phenomenon as well.
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