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Suppose the production function for good q is given by q = 3k + 2l where k and l are capital and labor inputs. Please answer the following questions: (1) What is the return to scale for this function? (1) What is the RTS of this function?
The US hegemonic status has been a subject of heated debate, especially after the 2008 financial crisis. In your opinion, will the U.S. lose its hegemonic status? If so, which country is likely to replace the U.S. to become the next hegemony?
A change in input prices shifts the isoquant map. Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital. A change in cost shifts the isocost curve.
Suppose Larry, More, and Curly are bidding in an auction for a mint-condition video of Charlie Chaplin's first movie. Each has in mind a maximum amount that he will bid.
The Analytical Hierarchy Process is being employed in a project selection decision. One major criteria, cost, receives a weighting value of 40%, which is split into short-term (50%), intermediate term (30%), and long-term (20%). Which of these statem..
Illustrate what are the State's doing that is consistent with the constitution.
Imagine that you are an international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy.
What are some of the ways a seller of goods might reassure a possible buyer who is faced with imperfect information? What are some of the ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whethe..
Suppose the market for a certain dosage of generic blood thinners has a supply described by P=1.88+2.62Q and a demand described by P=4.74-1.39Q. Calculate the equilibrium quantity?
The ability to arbitrage the differences between international tax systems is a very important aspect of international tax planning - Tax Arbitrage and Economic Substance
step by step all work shown answer and please show all calculations and how you got answer and make it very detailed all work shown please.
The yield curve is the graph that shows relationship between interest rates on bonds and default risk on bonds with different rating. True/false explain
Consider this natural extension of stripped down poker game we examined in class. Initially each player puts a dollar in the pot. Then each player is dealt; each player’s card is equally likely to be high or low, independently of the other player’s c..
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