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Question: The labor force grows at 8% and capital stock grows at 7%. Suppose .22% of national income goes to labor and (1-.22)% goes to capital. The productivity factor is 4%. What is the growth rate of the output?
You appoint an intern from Southern University to help you examine your production process, and she uses your historical cost records to estimate that your total cost function is C(Q) = 100 + 2Q + 3Q2.
Think about the flu shot in the context of a public good. What are the economic benefits of the flu shot? In what ways has the government become involved in the distribution of flu shots? For what reasons?
Consider a geometric series of cash flows that begins at time 12 with a cash flow of $10,000. Cash flows in this series will increase by 7% each period.
Knowledge of economic theory to describe how these policy responses were expected to reduce the health hazards of alcohol consumption in the community.
Anti-trust authorities at the federal trade commission are reviewing your company's recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power. A hearing is scheduled for ..
in a country output is produced with labor and physical capital. the production function in per-worker terms is y k12.
What legal issues need to be considered regarding case? Discuss case from both Sue and Kendra's point of view. What ethical concerns are presented in this case?
Amanda and Blake have found a house, which owing to a depressed real estate market costs only $201,500. They will put $22,000 down and finance the remainder.
What do you believe are the main reasons for high incarceration rates? Why does the United States have a much higher incarceration rate than all other nations as a whole? Properly cite any source material used in support of your views.
A house and lot are for sale for $155,000. It is estimated that $45,000 is the land's value and $110,000 is the value of the house.
Assume that the marginal product of a server in a restaurant equals the number of customers he can wait on per hour. The restaurant owner currently uses.
Prince Sports wants to exploit a favorable trend-the dramatic growth in tennis participation. For example, a recent study by the Sporting Good Manufacturers Association notes that tennis participation in the U.S. was up 43 percent from 2000 to 200..
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