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In an application of the Harrod-Domar model, suppose the only final-goods industry in a country is the making of cotton shirts. The factories, machinery and warehouses used in production were purchased previously and are still worth $3 billion. Each year, 66,700 workers are employed in the production of shirts with annual salary and benefits of $15,000 per year. It costs $50 million for cotton fabric and other inputs, such as electricity, to be used in making the shirts. The country produces and sells 100 million shirts a year, at an average price of $15 per shirt.
What percentage of GDP goes to each of: workers, owners of capital and input suppliers?
1. if the 4 firm concentration ratio of an industry is 75 what does it mean?2. explain in game theory how payoff
Which former Soviet republic currently a member of the Commonwealth of Independent States (CIS) has been the most economically successful in making this transition.
Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"
A cinema hall has a capacity of 150 seats. The owner can oer students a discount on the price when they show their student
Illustrate what is most X that can be produced? most Y. Illustrate what is formula for opportunity cost of X in terms of Y in this economy.
Recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy’s stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Expl..
Ten lions confront a single Christian. The most ferocious lion can eat the Christian if he wants to. If the most ferocious lion does not eat the Christian, everyone goes home.
Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest of the time.
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
Evaluate in relation to the key export readiness requirements and identify any characteristics that may be important to the company's potential export success.
q1. suppose the supply of apartments in minneapolis is perfectly elastic. the effect of a 100 per month tax on all
For lunch, Ada prefers to eat soup and bread in fixed proportions. When she eats X pints of soup, she prefers to eat 2X ounces of bread. If she has X pints of soup and more than 2X ounces of bread, she eats all the soup along with 2X ounces of bread ..
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