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1. Compare the internal and external explanations of development and stagnation. Is the use of the term ‘less developed' associated with internal or external explanations of the situation of development?
2. What are the main elements of classical liberal explanations of growth and development?
We are given the following information about prices and quantities consumed for four commodities over the last three years\: Commodity Price (c/kg) Quantity (kg) 1992 1993 1992 1993
What does Patrick need to do to increase his overall utility - At what point will he be unable to increase utility further and
Determine the least cost size and number of the milk processing plant using the equation and Derive the marginal cost for the two products 1&2 and show that it is a constant.
Rivalry and excludability are the two characteristics of goods that are produced through the competitive market system. Compare and contrast the difference in private and public goods based on these two characteristics.
define and discuss value engineering. what are two likely benefits of early supplier and early supply management
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Consider the utility-maximizing model in a two-good world, where our representative consumer has well-behaved preferences that result in smooth indifference curves that are convex to the origin. Place good one on the horizontal axis.
A. A college instructor's contract is not renewed, because more people are taking online classes and the college does not need as many classroom instructors. B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on b..
Consider a simple island economy where the sun is always gentle and warm and the breezes are cool. Let's call this island DanLand. There are four product markets in DanLand: coconuts, fish, textiles, and beer. Coconuts grow freely around D..
explain and compare these four different scenarios on how mortgage depreciation and tax expense impacts decisions on
Suppose households unexpectedly increase consumption and the central bank keeps the interest rate fixed. Which of the following will occur as a result of this consumer optimism?
1. if a consumer purchases a combination of commodities x and y such that muxpx 20 and muypy 10 to maximize utility
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