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Q1. Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model?
Q2. As the distance travelled away from New York increases, the proportion of plane travelers relative to train travelers rises. Is this because as you travel further your preferences shift or is it a price effect? As the wage rate raises Illustrate what would you expect to happen to the mix of plane/train use?
Then, in the year after the 10 payments are made, you will receive 10 annual payments of $500 each. Your personal discount rate is 7.5%. Should you purchase the insurance product?
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
If average total cost of producing wheat is $8 and cost of wheat is $6, illustrate what would you advise farmer to do.
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
Depends on the evidence in this article and what you know about the economy in the United States, decide which of these statements is most likely to be true.
For what rate of inflation, both the options are equally attractive ? Describe two different methods of "Depreciation" an equipment / plant may undergo (with numerical example)
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
MB is change in total benefit when adding one more unit and MC is change in total cost when adding one more unit. How many burritos should I eat.
If industries collude, Illustrate what will be monopoly cost (optimal cost P*), total output of two industries (Q= q1 + q2) and total profits of two industries.
Ben bakes bread and Shawna knits sweaters. Ben and Shawna both like to eat bread and wear sweaters. In which of the following cases is it impossible for both Ben and Shawna to benefit from trade.
q1. the average variable cost per acre planted with wheat was 107 per acres. assuming a yield of 50 bushels per acre
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