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What are the most important factors inhibiting growth in the LDCs? Why is capital shortage alone not the most important factor? How do some of the factors interact with each other?
If firm A decides to adopt the innovation and firm B decides not to adopt it, A earns $20 (minus the cost of the innovation) while B earns $0. If firm A adopts the innovation and firm B adopts it as well, each firm earns $15 minus the cost of the ..
If you install the system, your insurance carrier will reduce your annual premium each year for the 10 year useful life of the system. Your insurance premium is due at the beginning of the year and you expect to save $350 the first year.
Is it sensible to continue to operate at a loss with 14 workers?
The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game.
Analyze basic growth data for Austria for the period 1970 to 2007. Find the Steady-state equilibrium level of GDP per capita and real GDP growth rate. Variables Gross Output (real GDP) Net Output (real NDP) Depreciation InvestmentICT Investment
Suppose each country specializes in the good for which it has a comparative advantage, and it exchanges 14 tables for some quantity of chairs. Compute the consumption bundles bundles mean the consumption of tables and chairs for each country.
the external demand and marginal cost functions of the marketing divisions of the firm are respectivelyqm 160-10pm or
Since September the RIAA has filed hundreds of lawsuits against music pirates, claiming "egregious" copyright infringement and seeking up to $150,000 per violation. Many defendants have settled out of court for up to $10,000.
Consider the following cost equation: Total Cost (TC) = 160Q -10Q2 + 1.2Q3. What is Total Cost when the Quantity is 20?
A monopolist faces a demand curve given by: P = 220 - 3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of production. How much output sho..
For what values of a is he risk averse, risk neutral, and risk loving? From now on, assume that a = 1/2. Johnny owns a house that would cost $100,000 to replace should it ever be destroyed by fire.
A) What is the level of nominal GDP in year 1 B) The Fed adheres to a monetary rule through open market operations. What amount of US securities will it have to sell to, or buy from, banks or the public between years 1 and 2 to meet its monetary r..
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