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Explain how in the (Solow) exogenous growth model, output and consumption per worker converge in the long run to steady-state levels. Show that output per worker increases in the long run when the savings rate increases or when the population growth rate decreases. Check if these two predictions are consistent with the data.
Describe how a car rental agency would calculate the price at which it rents cars, and relate your description to the equation for rental cost given in the text.
The internal study could be started immediately, and then the decision on the consultant could be made in three months. If this option is selected, the internal study will reliably indicate the outcome. If the consultant were hired, it would add t..
What percentage of voters are with you on that decision? How would your answer be different if the standard deviation was only $15,000?
If a random sample of 400 customers is selected, what is the probability of Type I error using this decision rule?
A machine has an initial cost of $500,000, and was estimated to have a salvage value of $30,000 at the end of its 7 years useful life. The machine is expected to generate annual net savings of $125,000. A loan of $200,000 at 7% interest
$4,000 were deposited at time 0 in an account that pays an interest of 10% compounded annually. how much should be withdrawn at the end of period 2 to have $4,000 at the end of period 4 available in the account
there are two invididuals. the first individual a has the utility function ua x12 x22 xgt0 and endowment
One of life's great lessons is to start early and save all the money you can! If you save two dollars today and two dollars each and every day thereafter until you are 60 years old, how much money will you accumulate
Suppose a depositor comes to the bank and withdraws $200 in cash. Show the banks new balance sheet assuming the bank obtains the cash by drawing down its reserves. Does the bank now hold excess reserves Is it meeting the required reserve ratio
How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
If the monopolist is left unregulated, what are the market price and quantity, the monopolists profit, consumer surplus, producer surplus, total surplus, and dead weight loss. If the monopolist is forced to produce where P = MC, what are the eq..
Simple linear regression predicting the change in performance (in seconds taken to run a race) for 800m runners by the average hours of training undertaken per week during the pre-season.
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