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Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?
"Since the indirect utility function, under standard assumptions, is quasi-convex in prices, randomization over equilibrium prices can be Pareto improving even if fundamentals are not stochastic." Assess this claim and its implications or compatibi..
George caught 300 fish and 10 wild boars. John grew 300 bunches of bananas. The 2 person economy that George & John set up, fish sell for 1 clamshell each, boars sell for 10 clamshell each
It is easiest for new firms to enter into which of the following market structures?
nancy is consuming her optimal consumption bundle of burritos and margaritas. the marginal utility of her last burrito
Total cost and total variable cost are parallel, yet average total cost and average variable cost are not parallel. Demonstrate mathematically that ATC and AVC are not parallel.
A young engineer wishes to become millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return. He plans to add a uniform sum of money to his investment program each year, beginning on his 20th..
Presume the government passes a law requiring households to increase their saving rate by 10 percent. According to the Solow Growth Model, in the short run:
How does the charging the monoply a specific tax per unit affect the monopoly optmum
housing supply and demand is an example of the effects supply and demand can have on price elasticity. the most recent
jane derives utility only from her caffeine intake. she can consume coffee or tea and a cup of coffee contains four
write a 4-6 page 12-point font double-spaced essay evaluating the role of governments in assuring that developing
Highest average fixed cost at which the firm can produce any given level of outputd. lowest marginal cost at which the firm can produce any given level of output
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