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Find three products advertised or sold over the internet with Senior Citizen''s discounts What are they, and how big are the discounts? Do the same products feature student discounts? If so, how large are they?
Consider an individual who is planning his consumption over ?ve periods during which he expects his income to be 4, 10, 16, 12, and 8. What is his permanent income?
Given the Cobb-Douglas production F(K,K) = L^1/4K^1/4, find the derived input demands, the supply function and the indirect profit function. Next, drive the firm’s conditional input demands for labor and capital and the cost function. Using the cost ..
Suppose a textbook monopoly can produce any level of output it wishes at a constant MC and AC of $5 per book. Assume that the monopoly sells its books in two different markets that are separated by some distance. The demand curve in the first mark..
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the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
You may be aware that there are three types of profit: accounting profit, economic profit, and normal profit. The difference between the total revenue and the sum of the explicit and implicit costs of an organization results in economic profit. It is..
What are public saving, private saving, and national saving? Solve these equations for the equilibrium values of C, I, NX, and Explain what you find using a graph.
The wage rate divided by marginal product equals
Write an equation to represent Zoe's net wealth in the state of the world where she does not lose her equipment and she has purchased K dollars of coverage. Call this w1.
Identify the key fiscal policy tools that the government can use to shift the aggregate demand curve and briefly describe how those tools affect aggregate demand
Is the utility function monotonic?
question a explain why governments sometimes impose a price ceiling in a competitive market. illustrate the effects
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