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Discuss the potential role of the following factors on the steady-state level of output per worker.In each case, indicate whether the effect is through A, through H, or through some combinationof A, K, H.
a. Geographic locationb. Educationc. Protection of property rightsd. Openness to tradee. Low tax ratesf. Good public infrastructureg. Low population growth
The question related to Economics and mainly Macroeconomics. It is clarify about the problem as suggested by the media about the current account deficit in the US.
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
Suppose that the town of Grayrock had a population of 10,000 in 1998 and a population of 12, 000 in 2003.
How will this policy-change affect outpatient care market and what will be effect of this hospital admission reviews on the insurance market?
1. What is the least-cost combination of labor and capital the firm should employ in producing 80 units of output? explain. 2. What is the profit-maximizing combination of labor and capital the firm should use? Explain. 3. What is the resulting level..
Each day millions of Americans purchase millions of goods andservices. These goods are services are generally readilyavailable, as long as you have the necessary money to purchasethem. How is it possible for all of these goods and services
Formulate this as a game on normalform. Find the Bi-matrix. Do there exists a Nash equilibrium in pure strategies of this game?
In the Cournot homogeneous oligopoly model, why would each firm not increase its output given both firms are choosing the Nash Equilibrium?
Expected changes in the U.S. real exchange rate vis-a-vis Switzerland and expected rates of inflation in the U.S. and Switzerland.
A Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income.
One government strategy to provide for economic stability and encourage economic growth is to provide tax reductions or tax incentives for individuals and businesses. An alternative approach is to increase government spending to accomplish these g..
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
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