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How do you explain the fact that the returns to education are higher in developing countries than in developed countries? Differentiate between private and social returns to education.
What do mean by economics of education? To what extent du you think educational planning and policy decisions ought to be guided by economic considerations?
Understand the impact on the US Aggregate Supply from a higher supply of energy and the lower energy prices that follow an increase in the supply of energy. Since energy is an input into most all production and transportation, changes in energy price..
A firm has the production function Q=L times K. For this production function, MPL=K and MPK=L. The firm initially faces input prices w= $1 and r= $1 and is required to produce Q bar= 100 units. Later the price of labor, w, goes up to $4. Find the opt..
Do you think the benefits of government regulation exceed the costs? In what areas, if any, do you think the costs exceed the benefits? Cite an example of a company's efforts to circumvent government regulations. Is the use of loopholes ethical?
Find the new equilibrium size of income and calculate the size of the Multiplier of Business Investment (hint: to find the Multiplier increase investment by 10,
What are the basic economics of the healthcare industry? Using the concepts of product versus resource, and each of the four types of resources.
Calculate the cross-price elasticity of demand for coconut oil. Show your work. Provide an interpretation, in words, for this elasticity.
A monopolist is deciding how to allocate output between two geographically separated markets. Demand and marginal revenue for the two markets are: The monopolists total cost is C = 5 - 3(Q1 + Q2 ). What are price, output, profits, marginal revenues, ..
Which of the following conditions are necessary for the existence of a Nash equilibrium?
How does lowering interest rates leads to lower unemployment rates? discuss the mechanism of this process
Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles.
Describe the similarities between the health-care sector and it's problems and the higher education sector and it's problems. Why do these two sectors in our economy have similar problems?
Is the quality of care different in a for-profit versus not-for-profit hospital? What differences in services might occur during or after a stay in a for-profit versus not-for-profit hospital? Compare and contrast the impact of healthcare on the US e..
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