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The Solow model focus on how resources affect output. This module/week, you focused on capital.
Name the other two major categories of resources.
Draw an aggregate production function with a typical shape; label this function F. (label all curves and axis).
Draw a second production function that indicates a technological advancement; label this new function F1. (label all curves and axis).
Delta and Southwest Airlines announced a new round of fare discounts. In response Sangita Woerner, Vice President of Marketing at Alaska Airlines, said, “It’s unlikely that we will match these fare reductions because we do not anticipate any negative..
Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC = 10 + Q. Suppo..
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
q1. if consumption increases by 12 billion when real disposable income increases by 15 billion what is the value of the
If all firms, existing and potential new entrants face decreasing industry costs in the long run under perfect competition, the industry supply curve will:
what would the benefits of each action be (besides emissions reduction)? what would the costs of each action be? How would you decide what was the best level of emission reduction?
Write a well-reasoned argument defending your stance. If deposit insurance were abolished, elucidate how would this change incentive structure facing deposit theory institutions.
q1. suppose that the market for wheat is characterized by the following demand and supply relationshipsdemand
"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.
Suppose the market interest rate is 10 percent. Would you be willing to lend $10,000 if you were guaranteed to receive $1,000 at the end of each of the next 12 years plus a $5,000 payment 15 years from now? Why or why not?
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