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Discuss the fungibility thesis. What are the implications of fungibility for the evaluation of development projects? What are the implications for aid policies?
Ford Motor Company was able to reduce by 80% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. (a) If this year's cost (i.e., end of year 1) is expected to be..
The financial market looks like the following. 1. People decide not to hold currency. 2. The required reserve ratio on deposits is 10 percent 3. The money demand function looks like Md = $Y*( 0.9 - 3*i ) 4. Nominal income is $5 Trillion 5. The Moneta..
Consider a Cobb-Douglas production function with three inputs. K is capital, L is labor, and H is human capital. The production function is Y= K^1/3 L^1/3 H^1/3 Derive an expression for the marginal product of labor. How does an increase in the am..
suppose the marginal cost of a television is $100 the annual demand for the television set its given by the equation Q=200,000-500(p) question: suppose television sets are banned calculate the loss in consumer surplus as a result of this action
Currently, a typical fan pays an average ticket price of $5. The price elasticity of demand for tickets is -0.6. Management is thinking of raising the average ticket price to $5.50. Compute the predicted percentage change in tickets sold. Would yo..
Discuss the economic impact (positive and negative) of international tourism on host destinations. In your discussion examine the impacts from the viewpoints of at least 2 different stakeholders (i.e. multinational corporations, host community, lo..
What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced How large is the dollar value of the consumer surplus at that output level
Describe three ways in which this advice might be incorrect
How much training is enough?
A firm is considering the purchase of a machine with a price tag of $ 18,500. The firm is able to make a down payment of 3,500 and the balance is to be financed with a bank credit at an interest rate of 9.25% compounded daily.
Find the equation describing the LM curve. Note that since I did not give you a specic P (and the LM curve is always drawn given a specic P), you will end up with an equation in three unknowns (Y,P,r).
a. Calculate the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 grade point average (GPA) rather than a 2.0 GPA. b. Is the opportunity cost the same for a move from a 0.0 GPA to a 1.0 GPA as it is for a..
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