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Suppose that the government makes a one-time investment in new public school buildings, which results in a one-time reduction in consumption. The new public school buildings increase the e?ciency with which human capital is accumulated. Use the endogenous growth model to determine the e?ects of this on the paths of aggregate consumption and aggregate output overtime. Is it clear that this investment in the new schools a good idea? Explain.
Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine.
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity. Do you think this was a popular tax.
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
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