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Determine the effects of a decrease in the population growth rate on the golden rule quantity of capital per worker and on the golden rule savings rate. Explain your results.
The approaches of shared memory and message passing both support simultaneous execution of tasks that interact with each other. Which of these two approaches can emulate the action of the other more easily? Briefly justify your answer.
Suppose a monopolist faces the following demand curve: P=596-6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output What price will the profit maximizin..
Consider the following model of a closed economy (Smallville): MPC = 0.8 - 0.01Y (marginal propensity to consume) C = MPC x YD (consumption function) YD = (Y - T) (disposable income)
Can all Pareto optima be decentralized without changing endowments? Can they be decentralized by redistributing endowments?
For which pair of goods would you observe the greatest substitution effect if the relative prices of the two goods were to change?
Find (all) the partial derivatives (e.g. ?u/?x and ?u/?y) of the following functions: 1. Q(p,I) = 300 - 3p - 4I 2. u(x,y) = 10xy 3. u(x,y) = ax? y? 4. z = (x+y)2 5. z = 2x3-11x2y +3y2
Explain why there is a difference between the above two strategies.
Using the definitions of the Total Sum and Squares (TSS) and the Sum of Squared Residuals (SSR) compute R2 of this regression
From the following list, indicate which curves you will request: average total cost, average fixed cost, average variable cost, marginal cost, demand, marginal revenue.
Is the promise to match any lower price a substantive promise or an empty promise?
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. If these economists ignore the possibility of crowding out, hat would they estimate the marginal prope..
How would the decision above be affected if the firm's bond rating was reduced and its cost of capital changed to 10 per cent?
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