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1. What is the parameter a in the production function in Equation (7-21)?
2. What does the Solow residual measure, and what are its empirical properties?
3. What are three possible causes for the productivity slowdown?
4. What explains the recovery in productivity growth in the 1980s and 1990s and the reduction in productivity growth beginning in 2000?
what combination of the two goods below allows you to maximize your utility with a budget constraint of 14? show how
Graphically demonstrate the production possibilities frontier for nation of Stromboli, using information given in the following table.
The marginal cost of the public good is $180. What is the economically efficient level of production of the good? Illustrate your answer on a clearly labeled graph.
A city engineer knows that she will need $125 million in 4 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 5 million vehicles per year. How much per vehicle should the toll be to cover the cost
Suppose a monopolist faces a market demand curve given by P=220-3Q. Also, the marginal cost of production is constant and equal to 40. There are not fixed costs. What price should the monopolist charge in order to maximize profit as well as the dea..
What is the variable cost - Please calculate the average cost function for skateboards.
In China, it takes 100 hours to produce 1 digital camera or 4 hours to produce 1 lb. of wheat. In S. Korea, it takes 60 hours to produce 1 digital camera or 3 hours to produce 1 lb. of wheat. What is China's opportunity cost of producing one pound of..
Everything else being constant, what could you infer about the average quality of U.S. workers? Would this have any implications on the perspectives for future growth in the United States?
Your company has purchased a large new truck tractor for over-the-road use (asset class 00.26). It has a cost basis of $180,000. With additional options costing $15,000, the cost basis for depreciation purposes is $195,000. Its MV at the end of fi..
Can you suggest possible governmental policy approaches in each case?
There are 20 million households in Country X and 4 million of them are below the poverty line. What is the poverty rate for Country X?
What is the United States' best strategy? What is Canada's best strategy? What is the outcome of this game? Explain.
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