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The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year.
(a) If R&D is the only source of total-factor productivity growth what is the growth rate of total factor productivity in the United States?
(b) If the growth rate in output per person is 3.0% per year what is the value of in the Cobb-Douglas production function?
q.the long-run cost function for leanns telecommunication firm is cq 0.03q2. a local telecommunication tax of 0.01 has
Robbie Trencheny, an eighteen year old high school senior, loaded half a dozen textbooks and novels into his Nook digital reading equipment as soon as he received it as a birth day present from his parents this month.
How did increased competition and excess capacity impact firms in consumer goods industry in late 19th century. Why were horizontal mergers attractive to these firms.
Elucidate the price also quantity that maximizes the company's profit.
If interest rates could be deducted from income, would an investor change his/her decision based on question 1.
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
q1. a luxury good is a good for which the income elasticity exceeds one. the demand for a luxury good is given by qd x
Discuss how each of the 4 factors contributed to the elasticity of the good.
AutoTrader.com would like to estimate the number of years owners keep the cars that they purchased as a new vehicle. The following data shows the age of seven vehicles that were sold for the first time by their owners. Using this sample, the 90% conf..
A monopoly has two production plants with cost functions C1 = 40 + 0.2Q12 and C2 = 50 + 0.1Q22. The demand it faces is Q = 480 ? 5P. What is the profit-maximizing price?
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
Inflation is a sustained rise in the average price level. An increase in aggregate demand can cause demand-pull inflation. A decrease in aggregate supply can cause cost-push inflation. Prior to World War II, both inflation and deflation were common, ..
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