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In the production function, Y = A F(K, L), identify each variable. What does an increase in A mean?
If labor’s share of income is 80% and capital’s share of income is 20%, how would the Cobb–Douglas production function be written?
If both capital and labor increase by the same proportion, would the economy be expected to experience diminishing marginal returns?
What is total factor productivity, and how is it calculated?
Suppose that it is known that labor receives 25% of national income. With a Cobb-Douglas production function and an initial level of real GDP of $10,000, what happens to real GDP if both capital and labor double?
Explain how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
AMS recently instituted an in-house recycling program. The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.
Suppose China exports TVs and uses the yeah as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progress in TV production, while Russia has very rapid growth in the money..
How Might pressures felt by college-bound high school students to participate in academic related organizations and activities contribute to a lower teen labor force participation rate Why are people receiving disability benefits not counted as par..
Explain how can you avoid the weakening dollar due to its depreciation as a result of inflation by weakening the economy by raising interest rates.
Joe and Matilda are two farmers, each cultivating some acreage of corn in Wisconsin. Their plots share a border and a reservoir straddles the boundary. Each draws water from the reservoir for their crops. Joe's marginal net benefit for water is g..
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Describe the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace.
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..
Is there a way in which a plan could provide incentives to the Farm members that would have a good chance of raising productivity and lead to increased agricultural output while at the same time eliminating subsidies?
In the 1970s, the United States federal government created a Department of Energy. This is a time when the OPEC (Organization of Petroleum Exporting Countries) cartel first became prominent. Identify how this action might have impacted the three m..
Who benefits from a tariff or quota. Illustrate what are the positives and negatives of protectionist trade policies on the federal government's part. Which policy is best right now.
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