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Question: Country Babyland is in a Malthusian world with a per capita production function y = 620d0.49 where y is output per person and d is acres of land per person. The sustainable level of consumption (c*) is 330 units of output. What is the steady-state population density at country Babyland?
Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.
Explain the alternative adjustment path that would result from the stimulus and compare it to the adjustment that would have occurred if the government had not responded to the recession.
Explain An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
Create a new WEB SITE to develop a layout for shopping cart and apply CSS. in vb.net Write the necessary methods to add and remove contents from the cart. Add shopping cart functionality to your project.
Assume the market for computer chips is dominated by two firms: Intel and AMD. Intel has discovered how to make superior chips and is considering whether or not to adopt the new technology.
Consider two countries, Canada and China. Canada has comparative advantage in oil production, and China in shoes production. Suppose China grows biased to oil production.
In which of these markets would the firms be facing the least elastic demand curve?
The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively.
The U.S. was on a "gold standard" from 1879 to 1933. Which of the following was a a major disadvantage of being on the gold standard from an economic point of view?
1. Calculate the average variable costs of production for juke engineering. 2. Calculate the value of its monthly total fixed costs.
What was the average annual rate of inflation for consumers from 1985 to 1995? Convert the nominal price of coffee in 1985 to what it would be in the CPI's base year
Is there another way of reducing the deficit the you would recommend that doesn't involve drastically reducing government spending?
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