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(a) Analyze the comparative dynamics of the basic model in response to an unanticipated increase to g' > g in the rate of labor-augmenting technological progress. Does consumption increase or decrease with this change?
(b) Analyze the comparative dynamics in response to the announcement at time T that at some future date T' > T the tax rate will decline to τ'
What is the relationship between the marginal cost and the average variable and average total costs You may fill in all the appropriate numbers and draw a graph with MC, TVC, AVC, TC, ATC, TFC, and AFC
Assume that gross private domestic investment is $800 billion and the government (state, local, and federal combined) is currently running a $400 billion deficit. If households and businesses are saving $1,000 billion, what is the value of net exp..
a) How many units of the each of the two products will the consumer purchase b) What is the total utility realized from the optimum purchase c) If the price of M decreases to $3, would your decision on purchasing change
If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos falls Both the equilibrium price and quantity would increase. Both the equilibrium price and qua..
A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless of the number of calls made. Provider B does not have a fixed service fee but instead charges $1 per minute for calls.
Who or what do I blame for disparities in wealth and opportunity? Poor people? Wealthy people? The system? What do I think needs to be changed? Do I want to be a part of that change? If so, in what ways?
If a central bank buys government bonds, what happens to interest rates, aggregate demand, and GDP? What happens to these variables if it engages in contractionary monetary policy through open market operations?
The second largest public utility in the nation is the sole provider of electricity in 32 counties of southern Florida. To meet the monthly demand for electricity in these counties, which is given by the inverse demand function P = 1000 - 5Q.
Q 1 5 20 bags. Q 2 5 15 bags. Q 3 5 27 bags. The market equilibrium price is $45 per bag. The price at a is $85 per bag. The price at c is $5 per bag. The price at f is $59 per bag. The price at g is $31 per bag. Apply the formula for the area of ..
What comes to your mind when you think of tourism- Luxury tourism and Heritagetourism
Tony spends $36 per month on cookies. For him, chocolate chipcookies and peanut butter cookies are perfect substitutes.Chocolate chip cookies are $4 per dozen and peanut butter cookiesare $3 per dozen.
given data: RA = 0.18 ohm, Radj = 10 ohm, NF = 1000 turns per pole, VF = 120V, RF = 20 ohm. This is a shunt connected generator with a speed of 1800 r/min. A. what is the no load terminal voltage of the generator
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