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(a) Show that in the model in Section 18.3.2, if population grows at some constant rate n > 0 in each country, there does not exist a steady-state equilibrium.
(b) Construct a variation of this model along the lines of the semi-endogenous growth models of Section 13.3 in Chapter 13, where the strong scale effect is removed and there is long-run growth at a constant rate (when population grows at the rate n > 0 in each country).
(c) Provide a full characterization of the steady-state world equilibrium in the case described in part b.
The Australian government administers two programs that affect the market for cigarettes.
Society puts increased demand on goods and services, natural resources, energy and industrial production. In considering all of these perspectives who should be held accountable? Use research to justify your answer.
Write the auditor's opinion if adequate disclosure is not made.
1. suppose z follows a standard normal distribution i.e. a normal distribution with mean 0 and variance 1.a. what is
Explain why this model could not account for the Feldstein-Horioka puzzle (see Section 19.2.2), which does not refer to the correlation between saving and investment in levels but in differences. Can you extend this model to account for the Feldst..
Using a combined interest rate per interest period (d) for computing present worth values (PW). What is the present worth of the $1,000,000.00. if the formula for d is d = i + f + (i × f) and the inflation rate (f)=2.3% and the interest rate (i) i..
in a local market the monthly price of internet access service decreases from 30 to 20 and the total quantity of
The Criminal Records Corporation is operating at its minimum efficient scale, selling 10,000 records per month via late-night cable TV advertising. It currently buys pressed records from Hole-in-the-Middle, Inc.
1. the data set provided to you gives information on employee wages and years of education beyond high school. do the
Suppose market demand is P = 130 - Q. a) If two firms compete in this market with marginal cost c = 10, find the Cournot equilibrium output and profit per firm. b) Find the monopoly output and profit if there is only one firm with marginal cost c = 1..
Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on).
The cost of capturing and storing all CO2 produced by coal-fired electricity generating plants during the next 200 years has been estimated to be $1.8 trillion. At an interest rate of 10% per year compounded monthly
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