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For 196 nations, the United Nations Human Development Index ranks countries by GDP per capita and by "human development" based on health, education, income, and many other categories.
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The manager of Dixie Furniture Company estimates that the daily output of her factory (in thousands of dollars) Q is given by Q = 2x^1/4y^3/4 where x is the amount spent on labor and y is the amount spent on capital (both measured in thousands of dol..
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w , where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
q.get an answer from tutors to this homework question nowassume that in 2008 the following prevails in the republic of
Who are the informal and formal gatekeepers in the community? Provide a rationale for your answer that includes how and why you identified these gatekeepers. What are the next steps for gaining buy-in from these gatekeepers, and why? Provide a ration..
The estimate of the natural rate of unemployment shows an increasing trend during the 1970s and the early 1980s, and a declining trend in the 1990s. One of the explanations of this change in the natural rate of unemployment is based on the demographi..
In this problem, assume that u (x1; x2) = (x1^a)(x2^1-a) . (1) Find the consumerís Hicksian demand for each of the goods; in other words, Find the functions h*1 (p1; p2; v) and h*2 (p1; p2; v) that solve min p1x1 + p2x2 subject to (x1^a)(x2^1-a) >v
What are transfer payments, and how do they make their way into the GDP calculation? If one added up the value of all intermediate goods that went into the production of real GDP, the total value of intermediate goods would be
An engineer is considering the size of a reservoir for flood control in the northern part of Germany. The size of the reservoir is closely related to the annual rainfall. In addition, there will be reparation costs from damages when the amount of rai..
Suppose that market demand can be represented as p = 100 - 2Q. There are 10 identical firms producing an undifferentiated product, each with the total cost function TC = 50 + q2. Compare the competitive outcome with the cartel outcome. What is the in..
The Tragedy of the Commons can be corrected by...
Explain the role and function of each agency in a 6- to 9-slide power point presentation with detailed speaker notes Include one significant regulation that each agency enforces.
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0.
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