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In a poorly ventilated hut in a third world country, logs are burnt to supply heat for cooking purposes. The total volume of the hut is 1000 m3. Log burning releases CO at the rate of 2 mg/h. The air exchange rate is 0.1 h-1.
(a) What is the CO concentration after 2 h of cooking inside the hut?
(b) Compare the steady-state indoor CO concentration with the U.S. ambient air quality criteria of 0.05 ppmv.
Assume a continuous-time solow growth model with no technical progress. The economy is closed and there is no government sector. Labor supply is given by L_t = e^nt, n>0. The average propensity to save out of GDP is s,, with 0
Fred Smith owns a British Consul, a security which pays the equivalent of $1000 U.S. each year on September 15, forever. Fred has recently considered selling the security. The current interest rate is 10% a. What is the minimum sales price he must..
If Boeing produces 9 jets per month, its long run total cost is $9.0 million per month. If it produces 10 jets per month, its long run total cost is $9.5 million per month. Pick the correct answer from below: a) Boeing exhibits constant return to s..
reserve requirement for banks is set at 5. your firm withdraws 42000 on its line of credit at the security bank to
Calculate the elasticity of demand for burrito meals with respect to the price of burritos, the price of tacos, and per capita income.
Calculate the daily percentage returns for the S&P 500 and Intel stock - Compute the correlation coefficient between excess market return and excess return on Intel stock, and compare its square to the R2.
Suppose that in this economy the fraction of total output in a sector that is paid to labor is the same as the fraction paid to labor in the United States. When output was $300 billion (in constant dollars), what would total compensation have been..
Compute the value of the F statistic for the hypothesis H0 : β1 = β2 = 0. How many degrees of freedom does this statistic have?
The vapor pressure of solid benzene is 0.3 kPa at 243 K and 3.2 kPa at 273 K. The vapor pressure of liquid benzene is 6.2 kPa at 283 K and 15.8 kPa at 303 K. Estimate the heat of fusion of benzene.
Ray loves going to the movie theater. There is always something Ray is willing to see (or watch for a second or third time!). The table on the left shows Ray's total benefits (or total willingness to pay) associated with seeing movies at the movie
How many hours per day will she choose to work?
Suppose that in contrast to (8.1), investment in period t is productive in that period. Compare these two formulations of the investment problem. Assuming that all functions are differentiable, create Euler equations for each specification. Explai..
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