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Compare and contrast the three basic types of planning models: aggregate growth models, input-output analysis, and project appraisal. What do you think are some of the strengths and weaknesses of these models from the standpoint of planning in developing nations?
what uniform price will he charge and how much profit will he earn. The following figure shows the demand and marginal revenue for a monopolist, who has many buyers with different valuations of the good.
firm had demand function given by Qd=1000-10p. Its cost function given by C= 150 +20 Q A- write an equation for the inverse demand function. B- write an equation for the profit function C-if the firm wants to maximize its sales revenue.
ChooChoo Paper Company makes various types of paper products. One of their products is a 30 mils thick paper. In order to ensure that the thickness of the paper meets the 30 mils specification, random cuts of paper are selected and the thickness o..
Two airlines, A and B, are deciding to choose whether Atlanta or Chicago should be their major hub. Given the diagram here, find all equilibria of this game. Airline A Atlanta..
State the effect on sample size of an increase in each of the following factors, assuming all other factors are held constant:
Suppose that a model of the economy suggests that the real interest rate is determined by the equation r= 8.35-%^Y where Y is the level of output, so %^Y is the growth rate of output. Suppose that people expect the Fed to hit its inflation targetI..
a. What is the contribution to profits from increasing advertising sales by $1 if Smith Corp. is currently spending between $500,000 and $600,000 on advertising b. What is the profit maximizing level of advertising
If the government imposes a usury law and says that car loans cannot exceed 3 percent per year, how big will the monthly shortage (or excess demand) for car loans be What if the usury limit is raised to 7 percent per year
Explain the differences between characteristics of public goods and private goods and services. How can goods and services provided by nongovernmental organizations be considered in this framework?
In you are given a pair of equations, one representing a supply curve and the other a demand curve, where p is the per unit price for x items.
Complex operations managed by a single machine would not be possible without software that controls the drive motors used in each machining operation and enables individual cutting devices to work - sometimes for just a few seconds - on a particul..
The hypothetical figures in the table below give five alternate combinations of steel and autos that Japan and South Korea can produce it they fully use all factos of production at their disposal with the best technology available to them. After s..
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