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Explain Kuznets’s inverted-U hypothesis. Find appropriate data of one country from either Asia, Africa or South America for five consecutive years to construct the Kuznets curve for that country. Show the curve graphically and explain why it supports or does not support the hypothesis. Remember to provide citation of your source of data.
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
For what values of the discount factor would reversion to Bertrand for only two periods sustain a collusive agreement to share equally the monopoly output?
Suppose a monopolist faces the following market demand: What is the firms marginal revenue and the desired amount of units of production to maximize profit?
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
Suppose that the initial loan is $19,000 and the interest rate is 1.1% per month. Interest due is paid at the end of each month. $9,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest wou..
Consider the following model of international migration. The potential migrants originate in country 0, the source country. Suppose the distribution of skills in the source country uniform over the closed interval [1, 100]. That is, worker 1 has 1 ef..
The inverse market demand for a generic drug is P = 200 – Q, where Q is total market output and P is the market price. Two firms, 1 and 2, have complete control of the supply of the drug. Firm 1 has total cost equal to 20q while firm 2 has total cost..
Illustrate what is the expected return of the remaining portion of Peggy's portfolio.
Explain the law of supply. Why does the supply curve slope upward? How is the market supply curve derived from the supply curves of individual producers?
A change in input prices shifts the isoquant map. Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital. A change in cost shifts the isocost curve.
If a hurricane strikes Florida, and destroys 20 thousand pounds of oranges, what will the new equilibrium price and quantity be?
Assume that Consumption decreases by $25 million, Investment increases by $10 million, Government Purchases increase by $60 million, Exports decrease by $30 million and Imports decrease by $55 million. What is the net change in GDP in $million?
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