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1. Other things being equal, what will happen to automakers' profits if they are able to sell more vehicles using battery packs and thereby scale up battery production?
2. Why do you suppose that some automakers support the payment of government subsidies to consumers who purchase hybrid and all-electric passenger vehicles?
Consider Romer’s growth model of Chapter 6 and let A0¯ = 100, l¯ = 0.06, What is the growth rate of output per person in this economy? What is the initial level of output per person?
q1. a budget deficit that is only temporary cannot be the source of inflation. is this statement true false or
What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?
was low at a point and time in past human capital is also relevant never ever use selection bias! Equipment is it investment or is it technological change.
Calculate a function M(α), which shows the maximized value of f that can be achieved, given any real number α. Is this function continuous? Assume that a consumer has the utility function U(x,y) = 3x+y, where x and y represent the quantities of two g..
Suppose a monopolist faces the following demand curve: p=420-4q Marginal cost of production is constant and is $36, and there are no fixed costs. What is the profit maximizing level of output? What profit maximizing price will be charged? How much pr..
Consider a diagram containing isocost curves for the production of a given level of a final commodity in the household production model. Assume that purchased inputs are represented on the vertical axis while the time input is measured on the horizon..
Which of the following jobs is the least likely to be filled by an economics major?
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.
Analyze the economic theories that are germane (relevant) to the provision of health services, and comment on how one or two specific model(s) might explain the framework or context of patient/consumer preference with regard to the health care servic..
Home and Foreign both produce cars and food using labor and capital. In each country, labor and capital are both freely mobile across industries. It takes 5 units of labor and 3 units of capital to produce 1 unit of food, and 4 units of labor and 4 u..
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