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Discusst the potential role of each of the factors listed in (a) through (g) on the steady state level of output per worker. In each case, indicate whether the effect is through A, through K, through H, or through some combination of A, K, and H. A is the level of technology, K is the level of capital stock, H is the level of the Hu- man capital stock.
a. Geographic location
b. Education
c. Protection of property rights
d. Openness to trade
e. Low tax rates
f. Good public
A firm's call center handles 150 calls an hour. It can staff with full time employees or trainees. It has 28 full time employees and 20 trainees . A full time employee can handle 5 calls an hour and a trainee can handle 3 calls an hour.
The Do-Drop-Inn, Inc., provides vacation lodging services to both family and senior citizen customers. Yearly demand and marginal revenue relations for overnight lodging services, Q, are as follows: Family PF = $40 - $0.0004QF MRF = $40 - $0.0008Q..
A small pipeline will cost less to purchase (including valves and other appurtenances) but will have a high head loss and, therefore, a higher pumping cost.
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q = 36 - 4P and C(Q) = 124 - 16Q + Q2. a. Find the inverse demand function for your firm's product. P = - Q b. Determine the profit-maxi..
1. Set up the system of equations in matrix form. 2. Solve the system of equations to obtain the equilibrium vales of Y, C and G 3. Obtain the equilibrium budget balance
Commercial Recording, Inc., is a manufacturer and distributor of reel-to-reel recording decks for commercial recording studios. Revenue and cost relations are: TR = $3,000Q - $0.5Q2 MR = $3,000 - $1Q TC = $100,000 + $1,500Q + $0.1Q2 MC = $1,500 + ..
List four adjectives that you think best describe the painting Twilight in the Wilderness by Edwin Church (click the Twilight in the Wilderness link above to view the painting). Why was nature a theme of great interest to romanticist artists (keep..
a consumer lives three periods called the learning period the working period and the retirement period. her income is
Valles Global Industries has a small division that addresses the oil business. Currently, they are thinking about a pumping problem in the Durango Quadrant. They have an existing pump that will extract 50% of the known crude-oil reserve in the f..
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
If income elasticity of demand of good X is 0.89, what will happen to equilibrium price if there is an increase in income of consumers. Draw a diagram to support your answer.
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