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1. Describe the bifurcations that the function F(x) = ax + x3 undergoes when a = 1 and a = -1. 2. a. In the Cantor middle-thirds set, list the 4 intervals of length 1/27 that are removed at the third stage of the construction. b. What is the total length of all of the removed intervals in the first 3 stages of this construction? c. What is the length of all the intervals that are removed at stage 4? d. What is the formula for the length of all of the intervals removed at stage n? e. Using an infinite series, add up the lengths of all removed intervals to determine the length of the Cantor set.
Suppose government purchases amount is $3.5 trillion, transfer payments amount is $0.5 trillion, net interest payments are $0.25 trillion and tax revenue is valued at $2 trillion. Calculate the amount of the government deficit;
Suppose in an overlapping generations model, two goods are produced. The young can produce both goods while the old can produce none. a) Assuming that both goods depreciate completely at the end of each period and there is no money in the econ..
What is the Marginal Rate of Transformation between sugar and tea?
alternative r has a first cost of 100000 annual mampo costs of 50000 and a 20000 salvage value after 5 years.
1. use the numbers to answer the following questionsincomespending0120004000036000a what is autonomous spending?b what
What is the aggregate WTP for the second unit of the good and what is the marginal WTP for the second unit of the good
Suppose that Martha's income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for all other goods), which costs $100 per bag of groceries. Draw Martha's budget constraint. Using Indif..
Consider a Stackelberg game of quantity competition between two firms. Firm 1 is the leader and firm 2 is the follower. Market demand is described by the inverse demand function p = 100 ? 2Q.
In the IMF credit arrangements, what distinguishes the upper credit tranches from the first credit tranche? What is your reaction to the different visions of the Keynes Plan and the White Plan?
In response to the new federal regulation to provide the public with safe and wholesome seafood, an Alaska seafood processor is considering two new sanitation control systems to help monitor its seafood processing operations.
Select a triad economy such as Japan, the United Kingdom, France, or Germany, and select one of the BRICs (Brazil, Russia, India, and China). Then compare the key elements of those two economic systems. Discuss the interaction between politics and ec..
Why is it not surprising to find that in the oligopoly which sells basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
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