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The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale.
a. Q=20L+20K+50
b. Q=30L²+25K²
C. Q=40L+20K+10LK
d. Q=25L0.4K0.8
e. Q=20L0.3K0.6M0.2
The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
Calculate the amount of former foreign monopoly profit that is transferred as tariff revenue to the home country when the home country imposes the tariff.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a “buy three, get one free” deal at Taco Bell (limit one free t..
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent
President and Congress change budget accordingly, but after 18 months, GDP only increased by three quarters of expected amount. Illustrate what factors might be responsible for this situation.
Compare he rates of core and headline inflation for the most recent months and the past year
Explain why might the private market not reach the socially optimal level of traffic without the help of government.
The bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John.
Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.
q.clarify the two different sources of earnings differences in the labor market. then separately for differences by
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