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Characterize the asymptotic equilibrium of the modified Solow/AK model mentioned in Section 2.6, with a constant saving rate s, depreciation rate δ, no population growth, and an aggregate production function of the formF(K(t), L(t)) = AKK(t) + ALL(t).
you are the manager of a monopoly. a typical consumers inverse demand function for your firms product is p 250 - 40q
Suppose the game is infinitely repeated. What strategies will each firm likely utilize?
Country A has 1500 units of labor and can produce two goods, manufactures and food. A's producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food. Country B has 1800 units of labor and takes 3 unit..
Barry's utility function is U(W) = W^2. Carl's utility function is U (W )= sqrt(W) . Each has wealth of only $100. An investment of that $100 has a 10% chance of netting $1,000 and a 90% chance of netting a loss of that $100.
How does a balanced calendar affect the academic grade point average of public-school students in grade nine?
it has the same demand curve and there is only one firm there that also produces apples at the marginal cost of $4 per kilo. Also, each firm in every country has to pay a transportation cost of $1 per kilo to deliver its apples to the market abroa..
What is the effect on output? What government policy response would you recommend?
Suppose that tiger farming is legalized and that this has the effect of reducing the marginal cost of tiger conservation by $15 million for each 2,000-tiger population increment in the table. What is the new socially optimal population of wild tig..
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4.What ..
Choose a text to analyze. (It can be as small as one or two sentences from a piece of work. You do not need to choose an entire piece of work, as that would be too much to contain in one piece of art.)
The manager of a meat-packing plant can use either butchers (labor) or meat saws (capital) to prepare packages of sirloin steak. Based on estimates provided by an efficiency expert, the firm's production function for sirloin steak is given by Q=K+..
consider a perfectly competitive market with 10 firms firm 1 firm 2...firm 10. firm 1 through firm 9 have the same cost
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