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Suppose the production function for pasta is Q = 4kl ; What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 and what is the long-run total cost function when r = 4 and w = 36
In the context of international financial crises, what mathematical methods have Economists employed in order to quantify financial contagion?
Compute Opulenzas current account. Is CA a deficit or a surplus. Explain intuition for C4 deficit/ surplus in terms of savings in Opulenza, financial flows and its domestic/external wealth position.
Evaluate the third-party payment system and its effect on the consumption and provision of health care services. Determine the most problematic area and make the relative improvements.
Outline and describe in order of sequence the key items that led to the War of Independence. Explain why the navigation laws were so important to England. Explain the whys of the policy of salutary neglect.
Assume that the marketplace for engagement rings is in equilibrium.
hat is American's MRTS between K and L? MRTS between K and F. Should American try to ensure that all its MRTSs are equal. Explain what does American's production function exhibit constant, increasing, or decreasing returns to scale.
Write the total and marginal revenue functions.
Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it a..
Illustrate what did classical economists assume about flexibility of prices, wages and interest rates. Illustrate what did this assumption imply about self-correcting tendencies in an economy in recession.
Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). (1) If US is running a 5% inflation rate solely due to the increase of money supply, what..
Does disposable income measure the before-tax income received by resource suppliers
How much time will an e client deer spend in each patch when re are n deer. Min. Avg. Cost Sincere is free entry into deer business, equilibrium population is maximum number of efficient deer who can survive.
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