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An economy has the technology of production: Y = K L^(1/2)
a. does this technology satisfy constant returns to scale?
b. does the technology display diminishing returns to capital?
c. calculate the share of GDP that would go to capital and the share that would go to labor if the real wage and the real rate of return were equal to the marginal products of labor and capital
Various contemporary authors have “researched backwards” very simple foods such as salt, eggs, cod, milk, etc. to demonstrate their concerns about food production, the economy, and health in the US. In other words, these analysts have looked at how f..
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. In response, the demand for their bank accounts decreases from 35,000 to 5,000. What is price elasticity of demand for this bank's accounts?
The cost of a 110hp generator today is $155,000. The cost of a 65hp generator 6 years ago was $56,000. The generator equipment index today is 193 and 6 years ago it was 143. Calculate the power sizing exponent for this equipment.
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
q1. if the demand curve is qp 20-2p and the marginal cost is constant at 8 what is the profit maximizing monopoly
when they determining an appropriate congestion tax Economist would use which of the following elements of economic way of thinking? thinking at the margin be isolating variables she making assumptions or D All the Above
Concerning emerging markets: identify and explain key concepts of emerging technologies, highlighting their use and availability. Concerning emerging markets- identify and describe common industry concepts including: institutional voids, business gro..
Explain how each of the following developments would affect the supply of money, the demand for money, and the interest rate. For each case, show what happens in a closed economy and in a small open economy.
If the demand for gold residue high explain what would happen to the price in excess of time.
The Keynesian model and the AD/AS model are similar in many ways and different in many ways. A. What are the characteristics of an economy in which the Keynesian model will provide a good estimate of the result of an increase in autonomous expenditur..
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