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Consider two countries that are otherwise identical (have the same saving rates and depreciation rates), but the population of Country Large is 100 million, while the population of Country Small is 10 million. Use the Solow model with no technological change to compare the steady-state levels of output per worker if:
a. the population growth rates are the same in the two countries.
b. the population growth rate is higher in Country Large.
The useful life of a machine is 6 years with 1,800 hours of operation annually. The estimated annual ownership and operating cost is $72,450. What is the hourly ownership and operation costs? If the production rate of the machine is to excavate 30yd^..
The development of Black Markets -The requirement of nonrefundable cleaning deposits. -Reductions in apartment quality. -An increased emphasis on informal connections in allocating apartments. -The requirement of nonrefundable key deposits. -An incre..
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
Whether businesses should be allowed to be involved in the politics and government issues? Do the businesses have the right to be involved or is it unfair for businesses to be involved given their potential economic power which create imbalances in t..
q1. suppose a firm in each of the two markets listed below were to increase its price by 30 percent. in which pair
The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by 25%. Explain why this occurred. How can the money supply fall when the base increases?
Some individuals have an inherent distrust of quantitative analysis because they think that statistics can be manipulated to provide a desired interpretation. Regression analysis pretains to knowing about an error term in the regression equation. Wha..
An office supply company has purchased a light-duty delivery truck for $15,000. It is anticipated that the purchase of the truck will increase the company’s revenue by $10,000 annually, while the associated operating expenses are expected to be $3,00..
The American people express a relatively high degree of confidence in the military as an institution yet express less confidence in Congress than in other major institutions. Could people be holding various institutions to different standards, and if..
According to data provided by British Rail to the Mergers and Monopolies Commission, the 1988 costs of a Sprinter (Class 150/2) train were: Capital Cost 525,000, Annual costs (per unit): Depreciation 26,300, Overhaul and maintenance 32,600, Stabling ..
Identify a company in your local or generalized area that you would classify as a monopoly. Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two (2) characteristics of that ..
illustrate what cost-minimizing combination of K and L will the manufacturer employ for the output levels in part a.
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