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Which are the most influential theories of development, and are they compatible? Is underdevelopment an internally (domestically) or externally (internationally) induced phenomenon?
production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25.
Calculate the opportunity cost of producing olive oil and pasta in both Greece and in Italy.
industry demand curve equals Q=900-100P and the long run average cost is a constant $1.50 per unit of output. Calculate market output, price, consumer surplus, and producer surplus in a competitive market.
Suppose there are 8,000 identical individuals in a market for Latin Dance videos, each with a demand function represented by Qdx=12-2Px, and 400 identical producers of Latin Dance videos, each with a supply function of Qsx=10Px.
Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow: Mount of grain(1200/1800/2400/3000) Amount of milk (5917/7250/8379/9317)
Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire
If you were the owner of an automobile company and decided to market internationally, would you face imperfect, monopolistic, oligopolistic, or perfect competition? Please justify your answer.
Unstin.Ting Corporation wants to establish a scholarship in the company's name at a university. The firm wants the scholarship to provide a quarterly award of $4500. The university's scholarship foundation will invest the endow- ment in a fund
given the following equations for the aggregate demand (AD) and short-run aggregate supply (SAS) curves. AD: Y = 1.25Ap + 2.5Ms/P SAS: Y = 11,250 -20W + 1,000P Where Y is real GDP, Ap is the amount of autonomous planned spending that is independen..
Could conflict minerals be excluded from the global supply chain without hurting the noncombatant citizens of the DRC?
Suppose the price of a Cup O' Soup now rises to $2. Using the diagram from part (a), show the consequences of this change in price. Assume that our student now spend only 30 percent of his income on dining hall meals.
The shell thicknesses of the eggs produced by a large flock of hens follow approximately a normal distri- bution with mean equal to 0.38 mm and standard deviation equal to 0.03 mm (as in Example 4.1.2). Find the 95th percentile of the thickness di..
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