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Look for a research that explains why prosperous countries have low population growth rate. Include in your narrative the title of the study, year of publication, and significant information.
Determine the net present value for a project that costs $78,000 and would yield after-tax cash flows of $12,000 the first year, $14,000
Suppose that there is an increased confidence of the economy, shared among the economic agents: the representative consumer becomes optimistic of the economic performance and therefore, is willing to consume more, given his/her own income. determine ..
A piece of equipment that was purchased for $25,000 five years ago has a current book value of $6,000. This equipment can currently be sold for $ 5,000. The salvage value at the end of the study period of 5 years is expected to be $5,000. If the befo..
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Find and interpret the outpu..
The graph also shows the marginal revenue curve faced by this firm. Elucidate how much profit does the monopolist earn.
If the marginal product of the second worker hired by a firm is 14 units and the price of a unit of output is $7 regardless of the quantity of output sold
An individual donates artwork to San Francisco General Hospital. This was the only charitable contribution the taxpayer makes during the year. The artwork was purchased several years ago for $50,000; it is worth $140,000 at the time of the donation. ..
If you owned a business, how will you apply your understanding of price elasticity of demand in your pricing policy?
Assume that someone has inherited 2,000 bottles of wine from a rich uncle. He or she intends to drink these bottles over the next 40 years. Suppose that this person’s utility function for wine is given by u(c(t)) = (c(t))0.5, where c(t) is each insta..
Two countries, X and Y, satisfy the Solow model with α = 1/3 and productivity A=1. In Country X, investment is 54% of GDP and the population grows at 1% per year. In Country Y, investment is 8% of GDP, and the population grows at 3% per year. In both..
The first fundamental welfare theorem gives the conditions under which the private market can lead to a particular efficient outcome. A Pareto efficient allocation is one that yields a fair outcome. A social welfare function summarizes society’s pref..
An elderly lady decided to distribute most of her considerable wealth to charity and to keep for herself only enough money to provide for her living.
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