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Describe the key structural differences between the economies of the United States and China. What are the main sources of economic growth in each of these economies? [Structural differences could be due to factors of production, macroeconomic policies, demography, socio-economic environment, etc.] How do these differences impact the countries' economic growth rates and development indicators?[You can cite data, talk about development/social measures that are different across these countries due to differences in economic growth.]
Bob is awake for 15 hours a day and divides that time between hours of exercise, x, and hours of study, s. Bob’s preferences are represented by the following utility function. What is Bob's time "budget constraint"? What is Bob's marginal utility of ..
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Compute new supply of $ at each exchange rate and graph the new supply curve.
Pick a topic and within your topic consider how economic forces (broadly defined) will impact technological development and how technological development will impact the economy.
What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the country?
i. Compute the B E P in units and in shs. ii. Assume that the company intends to make a profit before tax of 20% of sales, determine the number of units that must be sold.
In the 1990's, helped by desktop publishing software that proliferated during that time, the number of vintage baseball card forgeries flooded the market for vintage baseball cards. Dealers left the market for fear of purchasing a phony. What was the..
q1. explain why hyperinflation has such a devastating impact on economies.explain what it takes to stop hyperinflation
q.a city is planning a new convention center and has received bids from two contractors. the center one contractor
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Consider a numerical example. Originally, prices were p1 = p2 = 1 and income was 10. In the next year the price of good 1 doubled. The price of good 2 stayed the same. Calculate the CPI income adjustment. Calculate the new optimal bundle. And lastly,..
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
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