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1) What are the most important characteristics that might have considered cause and effect relations in explaining slow pace of economic development of low-income countries? Give relevant data in supporting your logics for specific country study.
2) How do you measure poverty, poverty gap and income inequality? Provide some numerical data of your country case study as part of your explanations.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. How much should the firm charge for this packa..
In the U.S, the capital share of GDP is about 50 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. What must the saving rate be in the init..
Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.
The market for gilders is initially competitive and the market demand is: P=315- 0.6QD . The combined marginal costs of the firms in the gilder industry are: MC= 9+ 0.3Q. Draw the demand, and marginal cost curves. Calculate and show how much these fi..
Define production possibility frontier; state the conditions require for its construction and show how it is constructed. State the basic properties.
Explain the relevant importance of debt vs. equity financing and the reasons for the mass-media preoccupation with equity markets. Explain the relevant importance of marketable securities vs. non-marketable securities. Explain the relative importance..
To meet increased delivery demands, a Dairy company just bought 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8,000 after four years. Using CCA Class 10 depreciation, determine a..
The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases ..
Suppose that the world price of oil is roughly $60 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitive supply of 20 bb/yr and 14bb/yr from OPEC. The equation for the long-ru..
In a study of ranching laws in the 1800s, an economic researcher found that as these laws restricted the ability of cattle to roam freely, agricultural output increased. Does this researcher’s findings support the Coase Theorem? Explain.
Consider a Cournot duopoly with the inverse demand P = 260 - 2Q. Firms 1 and 2 compete by simultaneously choosing their quantities. Both firms have constant marginal and average cost M C = AC = 20. Find each firm’s best response function.Find the Cou..
Answer the following questions about break-even analysis. Millbridge Day Care Center operates from Monday to Friday. It has fixed expenses of $18,000 per week and charges each child who attends the program $300 per week. It costs the center $30 per w..
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