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In the Solow growth model, what happens in the steady state if total factor productivity declines?
Let's say there is a company that benefits from the protection of state and local governmental agencies. And that company funds its budgets through proper taxes. The product that the company create is one that every person, from 5 to 18 years old, wh..
According to our discussion in class, an Economic model of the decision of how fast to drive indicates an individual should choose the speed at which:
Express the retailer's monthly profit from the sale of the cameras as a function of the selling cost. Estimate the optimal selling cost.
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Between the standard (without upgrade package) and premium machines, do a breakeven analysis with respect to X. Let X0 be the break even probability.
In the following situations, explain what is counted in this year's GDP:
Considering a machine which will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected saving from annual operating and maintenance costs are estimated to be $60,000.To expect a 15% rate of return..
Suppose you are interested in the hypothesis that internet access is a significant contributor to cross-country income differences. The nai¨ve approach would be to look at the correlation between PPP GDP p.c. and internet access. Explain what the nai..
Cookie Monster consumes Ores (good 2, price p2) and homemade chocolate chip cookies that he buys from his mom (good 1, price p1). His utility function is u(x1, x2)=ln(x1+x2)+x1. A back-story for these preferences might be that he cares about total ca..
Even though Federal Government spending is "counter-cyclical" why is it not necessarily the case that an improvement in the nation's economy.
Monetary policy is one of the more important areas of influence on the economy in the modern world yet few people really understand the intricacies of the issues involved. Based on your reading and other research, what would you say to someone who ad..
A company sells two products, A and B. The demand for product A is given by DA and the demand for product B is given by DB. The price for product A is given by PA and the price for product B is given by PB. The company needs to determine the selling ..
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