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An individual makes $45017 per year. If they move to a city where prices are on average 11 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income?
An important key to the American victory in the South was the
The Berwyn Company is considering the addition of a new product to its product line. The firm has plenty of excess manufacturing capacity to produce the new product, and its total fixed costs would be unaffected if the new product were added to its l..
Constant returns to scale are associated with a:
how would two of the rbas policy objectives are conflicting? please give an example. which of the goals would the rba
Currently, the expectation is that the Federal Reserve will try to increase interest rates sometime later this year, while the European Central Bank will try to maintain low interest rates. What is the corresponding expectation of the future trajecto..
Assume the production function is given by Q=KL. suppose C=80$ r=2.00/unit and w=$2/unit. what are the returns to scale for this production function? what is the optimal input combination and the total output. what are the expansion path and total co..
Illustrate what will happen to GDP if taxes raise 100million when MPC is .75. Compute both tax also income multipliers.
q1. assume the economy starts out at point a. after that the public anticipates that the fed will use expansionary
Describe the two possible effects that an increase in the wage rate can have on labor supply. Which effect do you expect to dominate under normal circumstances?
Supposed objective function is changed to, do you need to re-graph feasible region of this LP. Why. What is solution for new LP. Is it unique.
I had a hard time grasping Straub and Werning (2014) (no paywall). I understand the general environment, but could someone explain intuitively what exactly the mistake in the original Chamley-Judd calculations was, related to the optimality of zero-c..
What are the major motives for undertaking FDI for a small firm whose sales are dwindling in its home market? For firm what wants to enter a country with high trade barriers? For a firm with high manufacturing costs in its home market? For a hotel ch..
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