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Explain the multiplier intuitively. Why is it that an increase in Consumption of $100 raises output/income by more than $100? Why is the effect of the multiplier finite?
Describe the method of contingent valuation for measuring the economic impact of crime. What are the advantages and disadvantages of this method relative to trying to measure the cost of crime directly
Describe and discuss; Use the concepts of economies and diseconomies of scale to describe a firm's long run Average Total Cost Curve.
If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. s..
what closing time should citywide spirits shoppe choose to maximize profits? calculate the increase in profits
Having a little trouble setting this problem up. Would appreciate the detailed set up and solution. A production function has 2 inputs - labor and capital. Both are perfect substitutes. Existing technology permits 1 machine to do work of 3 workers..
Suppose the price of c increases to 2, while income remains constant and what happens to the consumption of c and h? Are c and h substitute goods, complementary goods, or neither?
Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
questions1 estimate the regression model e using the ols estimator and provide a summary report of the result i.e. the
greener grass company ggc competes with its main rival better lawns and gardens blg in the supply and installation of
a clean water project in developing country would a?ect the health of a village of 500 people 100 children 300 workers
question 1. suppose ve rational roommates are deciding on a place to have coee together. there are four alternatives
the client currently is 46 years old with an income of about 126000 per year. his goal is to retire between ages 62 and
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