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Question: 1. Consider the Direct Output function and Consumer Output function and the state provision of roads and highways.
2. How might you measure the direct output of the state? How might that differ from the consumer output that citizens experience?
3. Would individuals' decision to purchase a car instead of taking public transportation influence the direct output or consumer output? Which aspect of the function would be affected, and how?
What advice would each school give in terms of fiscal and monetary policy? What do the two schools of thought agree on? Respond in a few paragraphs.
The government airlines tend to be much more inefficient than private businesses because the incentive to retain cost low and supply customers
Purpose - To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia
The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing to pay for this output is $40 per unit.
In the production function Q = 10L1/2K1/2calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital.
What does the super keyword represents and where can it be used? Give an example of a superclass and subclass. Be sure to make all the instances variables of the super class private.
Elucidate each auto industry structure correctly. provide an analysis of market structure requirements including number of firms, uniformity of products.
(a) For what values of δ, if any, both players choosing the "Tit-for-tat" strategy is a SPE? Consider now the "Pavlov" strategy: "Choose C in period 1. Choose C after any history in which the outcome in the last period is either (C, C) or (D, D). Cho..
irrigation improves the yield of strawberries per acre measured in pints according to the fucntion s -w-22 50 where s
Long-run cost curves are planning curves, while short-run cost curves are operating curves. Do you agree or disagree with this statement?
Explain and discuss the 3 possible exchange rate policies (Flexible exchange rate, Fixed exchange rate and Crawling peg) that can be adopted by any government
Assume you were given the following data for an economy without government spending, exports, or income. C is desired consumption, I is desired investment,
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