Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider the expanding input variety model of Section 13.1.
(a) Suppose that a benevolent government has access only to research subsidies, which can be financed by lump-sum taxes. Can these subsidies be chosen to ensure that the equilibrium growth rate is the same as the Pareto optimal growth rate? Can they be used to replicate the Pareto optimal equilibrium path? Would it be desirable for the government to use subsidies to achieve the Pareto optimal growth rate (from the viewpoint of maximizing social welfare at time t = 0)?
(b) Suppose that the government now has access only to subsidies to machines, which can again be financed by lump-sum taxes. Can these be chosen to induce the Pareto optimal growth rate? Can they be used to replicate the Pareto optimal equilibrium path?
(c) Will the combination of subsidies to machines and subsidies to research be better than either of these two policies by themselves?
Conclude situations that present potential ethical and ethical issues, and develop solutions for those issues. Appropriately use effective communication techniques.
Sentencing juveniles to adult prisons is like saying society has given up and there is no treatment that can affect their adult potential. It is the responsibility of society to treat juveniles and that treatment should be administered in juvenile fa..
The trees in Forest F grow such that the volume of timber at time t can be represented as f(t) = 900t - 50t2 + 60t3 + 7t4. (Note that these trees do not follow a typical biological growth function). The annual real interest rate is 0.19,
Based on a sample of 30, suppose we estimate a regression model and find b1=8.4, SSR=128, SSE=286 a) Find the coefficient of determination (R^2) b) Test at the 10% significance level against the two sided alternative the null that B1=0
A competitive industry consists of 6 type A firms and 4 type B firms . Each firm of type A operates with the supply curve \(Q^{Supply}_{A} = ^{^{-} 10+ P, when P > 10}_{0, when P
What is the monopolist's profit-maximizing level of output, profit-maximizing price, maximized profit, the value of consumer surplus if the market were perfectly competitive, and the deadweight loss when the market is a monopoly
Suppose that each firm that tries to produce autos must go through the shakedown period of high costs on its own. Under what circumstances would the existence of the initial high costs justify infant industry protection?
EC 502: Problem Set 6. Using the formula for εts given above, together with the optimal policy formula for xt given above, draw a curve describing the evolution the output gap xt in response to the positive cost-push innovation in period 1. In period..
The following information is derived from a sample of observations: ∑Yi = 1110, ∑Xi = 1680, ∑Yi2 = 133,300, ∑Xi2 = 315,400 and ∑XiYi - 204,200, Calculate SST, SSE, SSR and R2
suppose that the money demand is given by md py0.25 ? i suppose that nominal income is 100 and wealth is 500 and that
Suppose that tiger farming is legalized and that this has the effect of reducing the marginal cost of tiger conservation by $15 million for each 2,000-tiger population increment in the table. What is the new socially optimal population of wild tig..
Your cousin has just bought a used car for $6000.He is to pay for it as follows.A $2,000 down payment and 24 end of month payments of $177.28.What nominal annual interest rate is being paid What is the actual interest rate
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd