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A) Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work.
B) To understand what causes productivity growth, what should an economist focus on, discuss.
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
q1. do you believe economic darwinism is reflected in the us banking policy of some banks are too big to fail
Explain this result in terms of the example in the question above. How might things change if the border were open, with no restrictions on immigration?
q. if one draws mc curves pre and post innovation as well as the marginal revenue line for a monopoly and the mr in a
the firm will earn $15,000 if it introduces the new product, and revamping the production facilities will earn new profits of $60,000. What should the manager do.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Corporate Strategies are divided to long-term and short-term.
How might advertising make markets less competitive? How might it make markets more competitive? Give the arguments for and against brand names.
If air quality improves however re are no effects on aggregate production or on market costs of final goods and services. Illustrate what would happen to GDP.
All of these methods help an organization mold strong, smart, motivated employees that know how to do their job and can help the organization smoothly.
Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen.
"Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior." In one to three pages, fully explain your answer in a way that shows your understanding of "utility" and human behavior.
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