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What is the difference between federal purchases and federal expenditures? Are federal purchases higher today as a percentage of GDP than they were in 1960? Are federal expenditures as a percentage of GDP higher?
Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?
monopsony1. briefly describe the conditions for monopsony.2. show that l quantity of labor is lower and pl is higher
In studying the farm demand for tractors, Griliches used the following model*: T * t = α X1,t-1β1 X2,t-1 β2 - What is the estimated coef?cient of adjustment?
You should comment on the success and/or failure of its approach and implementation as stated in the text and posted readings and how it may have modified its organization, supply or marketing over time given changes in its markets
for i = 1, 2. Originally she faces prices p1 = p2 = $2 and has an income of $100. Then the price of good 1 increases to $4. Calculate the compensating and equivalent variations, given that Niki's utility function is u (x1, x2) = x1(1/2)x2(1/2).2. The..
How might freeing up dead capital have helped to increase Mongolia’s rate of economic growth? What kind of investment would foreign residents undertake if they were to purchase a small fraction of the shares of stocks owned by Mongolia’s residents?
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. Why does the productivity standard typically fail to yield an equal distribution of income
many executives will save an organizations money by not having auto insurance on the fleet of company vehicles whereas
What happens in an multivariate optimization where the first order condition is a constant?
beth and bob salerno are looking at a home loan of 250000 and have been quoted 3.75 for a 30 year loan compounded
a monopolist has a marginal cost of 22 and faces a demand curve of qd280-7p.i solve the monopolists profit maximization
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