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How would better health outcomes cause higher income? How might the relative importance of two hypotheses be relevant for public policy?
Consider two firms that act as Cournot competitors and face the inverse demand function p(.), where p'(Y1 + Y2) < 0. The total cost function for firm i is given by Ci(.), where Ci'(Yi) > 0 i = 1
In a 1990 article assessing the 1980's, Time reported that: "The good news is that U.S. gross national product doubled during the 1980s, from $2.7 trillion to $5.3 trillion." The GNP number they refer
The attendance at baseball games at a certain stadium is normally distributed, with a mean of 44,000 and a standard deviation of 2500. For any given game:
Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?
“The short-run supply curve of a perfectly competitive firm is the firm’s marginal cost curve.”
Grapg a series of isoquants for the production function q=10, 15,20. Plot at least 5 points for each isoquant by assuring value for q and then a value for L and solving for the remaining value of K to
Mbank has deposit liabilities of $100 million. It only keeps the minimum cash reserves required by law of 10%. Its annual costs (wages, rent, utilities, etc.) are $2.5 million. What is Mbank's profit
An expenditure of $20000 is made to modifya material handling system.this modification will result 1st year saving of $2000,2nd year saving $4000 and a saving of $5000 per year thereafter.How many yea
The following figures refer to a firm production department during a certain week. Estimate TVC and AVC. No. of workers employed 50
Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by:
Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $30 per month. Producing q gallons of honey in one month requires spending 5q doll
The interest rate is tied to the economy. Based on your opinion, will the economy grow or recede for the rest of 2011 and 2012? Will the pace of growth (or recession) fast or slow? The current interes
The federal government tests the safety of car models and provides the test results free of charge to the public. Does this information qualify as a public good?
Graph the information for consumption(C) and the consumption and investment(C-I) schedule. Show the equilibrium point
The postwar U.S. economy data shows that the long-run annual growth rate of output is 3.2%, the long-run annual growth rate of money stock is 5.3%, and the nominal interest is 5.8 (a) Find the inflati
If a bond dealer bought a $100,000 municipal bond at 92% of par and sold it at 96% of par, how much money did the dealer make on the bid-ask spread?
Discuss the relationship between inflation and interest rate. Do an international relationship exist, yes no HOW?
At what level of employment would diminishing returns set in for the variable input?
Give two examples of policies from recent history that can be considered as keynesian intervention to economy by us government. Briefly explain how the changed role that keynesian theory ascribed to g
Assume consumers expect a recession to begin in the next few months. They might react by trying to save more in case they are laid-off or have to work reduced hours
If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A and B ?
Firm ‘A’ can make either 500 flashlights or 2000 batteries.Firm ‘B’ can make either 650 flashlights or 1500 batteries.
Sometimes when the citrus crop freezes in California or Flordia, the media report that even though there are fewer fruit available for consumers, "the total value of the crop has increased," or words