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Consider the model of Section 20.3.
1. Show that agricultural consumption and production stay constant at
2. Show that this is increasing in BA and provide the intuition for this result.
3. Show that expenditure on agricultural goods increases at the same rate as aggregate output.
Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more children.What is the cost per child for these additional 20 children
What are the particular problems associated with the firm represented by the SATC curve shown in the graph? Does it represent a firm that would be able to survive over time?
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange ..
If the tax elasticity of labor supply is 0.20, how much will the quantity of labor supplied in crease in response to(a) A $500 per person income-tax rebate (b) A 4-percent reduction in marginal tax rates
It costs $20 for each scrapped component. Ignoring depreciation and assuming that the machine has a life of 5 years, what is the maximum amount you should invest in an upgrade to the semiautomatic machine? Assume production levels will remain cons..
Then plot the graph of the function and determine if it displays increasing, constant or decreasing marginal utility.
Derive the solution to this problem. How do the criteria differ? Use the SVD of the Lj to simplify the comparison of the two approaches.
Wilma bought a 10-year $1000 bond when the interest rate was 5% per year. So her bond would provide her with $50 at the end of each of ten successive years; and the $1000 is also returned at the end of ten years.
Carefully look at the facts and explain your answers to the issues in a formal memorandum by using search and seizure law, the facts and reasonable inferences from those facts.
A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000 per diamond, and the demand for diamonds is described
Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under ..
Suppose the government reduces taxes by $20 billion, that there is no crowding out, and that the marginal propensity to consume is 3/4. 1. What is the initial effect of the tax reduction on aggregate demand
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