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Suppose you have the cobb -Douglass production function k^2L^1/2.
a. Calculate the optimal combination of input goods (K and L that the firm should purchase as function of g, w, and v).
Explain verbally and illustrate graphically what will happen to the price of bonds if expected inflation increases to 4% from 2%. Be sure to include in your answer the demand the bond market.
This is a self-reflection paper developed based on the classroom discussion around minimum wage. Explain the effect minimum wage has on the economy. List and describe both the pros and cons of the more recent increases in the federal minimum wage...
suppose the demand for guitars in state college is given by qd 8000 - 10p where qd is the quantity demanded and p is
The utility function is U = U (X, Y) If the 2nd derivative for both x and y is greater then 0, does that mean the indifference curves are both convex? Explain why or why not.
We are given the following information about prices and quantities consumed for four commodities over the last three years\: Commodity Price (c/kg) Quantity (kg) 1992 1993 1992 1993
the economic union was formed in 1957 by west germany france italy belgium the netherlands and luxembourg. today 27
Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $..
"Fiscal Policy" Please respond to the following: Decide what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if customer confidence is lower than the previous month.
assume that the low-calorie microwavable food company from assignments 1 and 2 wants to expand and has to make some
In the aftermath of September 11 terrorist attacks, the quantity of sold airline tickets in 2002 fell by a large percentage when compared to 2001. During the same time period the average price for airling tickets also fell.
In recent years, the child tax credit has been increased in the united state. According to the basic principle of economics, how will the birth rate be affected by polices that reduce the taxes imposed on those with children?
What is meant by rationality Consider the three "systematic mistakes" discussed in your text. What are the costs of making those "systematic mistakes" Is it possible to act "irrationally," or is rationality defined by the individual's approach to ..
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