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What are several important computer hardware developments that you expect to happen in the next ten years. How will these affect the business use of computers? Please provide references and explanation.
Calculate the nominal GDP in 2005 and 2006 Tropic Republic and calculate the GDP in 2006 using the method of the base year prices.
The budget deficit projections in this chapter include net interest on the debt, which depends on interest rates. Use the loanable funds model to explain what is likely to happen to interest rates and interest payments if the size of the deficit cont..
Ethanol is an environmentally friendly, alcohol-based alternative fuel produced from corn and other crops that contain starches. Several states have passed legislation that requires gas stations to sell a mixture of gasoline and ethanol.
Elucidate what would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase.
Consider two firms X and Y produce identically tasting cold drinks.In order to increase the demand for its cold drink, firm Xincreases its advertisement outlay. However the advertisingdoesn’t increase its demand in the long run. Explain why this must..
Determination of interest rate in classical model
consider a world of two countries highland h and lowland l. each country has an average output of 9 and desires to
If the production function is y = √(k), what is the steady state value of y in the Solow Growth Model with labour-augmenting technological progress at rate g, population growth at rate n and depreciation of capital at rate d
The bonds are identical in every way (e.g. they have the same coupon payment, maturity data, etc.), except that A is "riskier" than B - i.e. you think the probability of full payment of principal and interest is lower for A than it is for B.
In short, the only difference is the exponent of At in the (final good) production function, so that now there are diminishing returns to ideas in that sector. Provide an economic interpretation for the first equation. What is the growth rate of kn..
where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.
Determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output. To minimize costs Mitsubishi should hire capital and labor until the marginal rate of technical substitution reache..
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