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In a Cobb-Douglas production function with constant returns to scale, if the share of income that goes to labor is 42%, what does alpha equal? Enter your number in decimal form as opposed to percentage form, rounded to two decimal places - use only numbers, a decimal point, and/or a negative sign as needed.
In his Semi-annual Monetary Policy Report to the Congress of February 14, 2007, then Federal Reserve Chairman Ben Bernanke said: "Another significant factor influencing medium-term trends in inflation is the public's expectations of inflation.
Find the values which maximize or minimize for the following function and determine where you have a maximum to minimum. Graph the function and discuss the context of concavity.
This case analysis should be written on "the economist" case provided in the additional material. Thank you custom-writing! No additional research is needed but any tables or graphs that are needed should go in the appendix with a max of 3 pages as e..
Compute the equilibrium level of income. Sketch this equilibrium position using a two-dimensional graph.
(Tragedy of the commons) Imagine that two fishermen operate in a lake. We denote the quantity fished by fisherman 1 as q1 and the quantity fished by fisherman 2 as q2. Each player can sell each unit of fish they get by the constant market price p (ta..
Supply curves are usually assumed to slope upward because
If two goods are supplements, their cross price elasticity will be:
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
The price of a new iTab computer is $500. It is known that a fraction d of the iTabs are defective. All consumers value the non-defective computers at $550 each. The same model of second-hand iTab can be found on eBay for $50, which includes shipping..
In the implementation of Kaizen, what groups of employees are likely to need training? How should the trainees be organized? Think of this issue from a training design perspective and from a training content perspective. b.For the type of training en..
You are concerned about the damage that automobile pollution is causing our nation’s environment and are interested in the effect that gasoline prices have upon gasoline consumption. Specify your economic model as well as your econometric model of ga..
Illustrate what management-financial considerations would required to be considered. Elucidate why the firm's short run production has only one ‘rational' stage of production.
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