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What factors determine the growth rate of steady-state per capita output? Are there other factors that could affect the growth rate of output in the short run ?
A verbal, everyday argument enables academic readers to access summaries other viewpoints.
A random sample of size 15 is selected from a normal population. The population standard deviation is unknown. Assume that a two-tailed test at the 0.10 significance level is to be used. For what value of t will the null hypothesis not be rejected
If the world price is still $50 per barrel of oil and the U.S. instead institutes a quota (a limit on the quantity imported) of barrels of 9 million barrels, what are the new consumer surplus, producer surplus, license holder revenue and deadweigh..
Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production-possibilities schedules in the table below describe their potential output in tons per year. (a) What is the opportunity cost of pearls on..
A car dealer leases a small computer with software for $5000 per year. As an alternative he could buy the computer for $7000 and lease the software for $3500 per year. Anytime he would decide to switch to some other computer system
howard bowen is a large-scale cotton farmer. the land and machinery he owns has a current market vlaue of $4 million. bowen owes his local bank $3 million. last year bowen sold $ 5 million worth of cotton. his variable operating costs were $4.5 mi..
he Einstein Bagel Corp. offers a frequent buyer program whereby a consumer receives a statmp each time she purchases one dozen bagels $5. After a consumer accrues 10 stamps, she receives one dozen bagels free.
What are the degrees of freedom for the regression? What are the degrees of freedom for the error? What are the formula and value for the regression sum of squares? What are the formula and value for the residual sum of squares?
Summarize the general idea of Bayesian model averaging. When would this method be preferred to choosing one of the alternative models?
Compare the equilibrium levels of consumption C, government spending G, and planned investment I in Parts g and h. Based on this comparison, why might some economists prefer expansionary fiscal policy while others prefer expansionary monetary poli..
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Jeff holds $50,000 wealth which has a utility of 7.07 utils (assuming utility is the square root of wealth in thousand dollars). He considers investing this in a gamble which has a 0.6 probability of increasing his total wealth to $100,000 and 0.4..
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