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1. Write down an educational production function in levels and another in a value added form. Explain their elements. Which form of educational production function does Hanushek favour? List three difficulties in estimating these production functions.
2. In 1970, women made up around 39% per cent of all university students in Canada. Currently, they are around 60%. What factors could explain this change?
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
1. Explain how an attempt by the government to lower inflation could cause unemployment to increase in the short-run.
Question 1 In the long run, if a firm is making a loss, it will: Question 2 Refer to the accompanying figure. This firm's shortrun supply curve is represented by the:
What do you mean by "Present Value" and "Future Value" of any sum? Should 'Almarai' spend 100 million Riyal to build a factory that will yield 200 million Riyal in 10 years? Where r=0.08
Systemd is becoming the standard version of software management on many current linux distributions. Watch the follow youtube video and look for some basic commands used in software management: https://www.youtube.com/watch?v=AtEqbYTLHfs (Links to..
QUESTION 1: If a physician receives a bonus for referring a patient for cardiac surgery to a specialty hospital nearby his office:
a. Draw a timeline of the game. What is the ex-ante period and the ex-post period in this model? b. What is the first-best level of investment? Explain.
Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. Refer to the above data. If t..
When oil prices were high, airlines were desperate to replace gas-guzzling planes with new, fuel-efficient ones. Given the daunting commercial outlook, many preferred to lease their new jets, leaving the leasing firms to stump up the capital requi..
Suppose a firm operates as a price taker in a perfectly competitive industry. The firm’s Total Cost function is given by TC = a + bQ +cQ2. Therefore the firm’s marginal cost is given by b +2cQ. Find an expression for the Breakeven Price.
A piece of equipment used for research is purchased for $870,000 and is to be depreciated over a specific period of time. If the salvage value at the end of its depreciable life is $50,000, show the yearly depreciation using a) Straight line metho..
What are the key elements in the natural resource endowment and in the social-political-economic C) institutions which explain the macroeconomic position of Yemen and of the performance of Yemen's macroeconomy?
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