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What happens to capital per worker and output per worker if machines begin depreciating at a faster rate than they once did? Use a graph to help you discuss your answer. Describe what will happen to growth in the short-run and the long-run
Illustrate what is the individual's optimal consumption in each period. Explain how much saving does he or she do in the first period.
Are capital markets a necessary evil? Can the current capital market structure be fixed? Are there better alternatives? Please elaborate.
disposable personal income decrseases by$15 billion and the trade deficit is reduced by $5 billion. Explain by how much have investment, consumption and national income changed.
State whether the following will result in a change in demand or a change in quantity demanded. Explain.
Consider a closed economy and a small open economy. Derive the goods market equilibrium for each economy numerically and graphically. Be sure to explain what you are doing.
Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets.
Other things remaining the same, what would happen to the supply of a particular commodity if the following changes occur?
Emotional branding is becoming an important way to connect with customers and create differentiation from competitors. How can companies create emotional branding to position their brands? What are some examples of companies (other than from the text..
Where aH and bH are her consumption of ale and bread. George and Harriet are each endowed with 4 units of ale and 4 uits of bread. Find the market-clearing price (which is a messy fraction).
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C. If both firms move simultaneously, what are their equilibrium strategies and what is the equilibrium outcome? Compare the efficiency ..
Suppose that each unit of product A requires 4 workers and 1 unit of capital to produce, whereas each unit of product B requires 5 units of capital and 2 workers and that it is the case irrespective of prices. What does this indicated about the relat..
Suppose the world price of lumber is above the Canadian price of lumber. What would be the impacts of free trade in lumber between Canada and the rest of the world? Use a diagram to show the impact on: Canadian price; Canadian consumption; Canadian p..
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