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The BlackBerry production function is Q = 2.83L1.52K0.82. Epple et al. (2010) estimate that the production function for U.S. housing is q = 1.38L0.144M0.856, where L is land and M is an aggregate of all other mobile, non-land factors, which we call materials. Haskel and Sadun (2012) estimate the production function for U.K. supermarkets is Q = L0.23K0.1M0.66, where L is labor, K is capital, and M is materials. What kind of returns to scale do these production functions exhibit?
That's constraint on or side. For Indonesian voters, are economic issues paramount in this election.
Even though the use of checks lower transaction costs when compared to the use of paper currency, it is unlikely that the use of paper or metallic currency will disappear entirely. Why?
suppose in a country the real growth rate is 4 and the real interest rate is 6.a calculate the constant debt-gdp ratio
What is consumer surplus?
Elucidate how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital.
Some people are saying which majority of the budget deficit are funds which some branches of the government owe to other branches.
Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social staff. Determine the optimal amount of service provided by BF.
How can the high unemployment hurt the growth of the GDP. Is the U.S. economy primarily driven by consumers or businesses? Why? Let's look at the "crowding out effect". Please explain and define the crowding out effect,
Sailright Inc. manufactures and sells sailboards Management believes that the price elasticity of demand is -3.0. Currently, boards are priced at $500 and the quantity demanded is 10,000 per year. If the Price is increased to $600, how many sailboard..
Why is general equilibrium analysis an important tool to understand, in particular, in the context of policy analysis? Use an example that illustrates the importance of general equilibrium analysis, over and above partial equilibrium analysis, as par..
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
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