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Determine the effects of a decrease in the population growth rate on the golden rule quantity of capital per worker and on the golden rule savings rate. Explain your results.
The City of New York has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a year. Paying this salary, each of the 199 firms makes a normal profit on $500,000 in revenue.
(Stagflation)What were some of the causes of the stagflations of 1973 and 1979? In what ways were these episodes of stagflation different from the Great Depression of the 1930s?
Draw an indifference map with three indifference curves for this utility function.
How do piece rates provide incentives to work hard?
Calculate the internal rate of return and the net present value to determine the desirability of this investment.
Does your data set exhibit a similar attribute?
Characterize the Pareto optimal allocation, and show that the equilibrium growth rate in Proposition 13.6 is less than the growth rate in the Pareto optimal allocation.
The following table shows part of the demand function for tickets to an outdoor summer concert by a popular singing group: Price (P)...Quantity (Q) 50........... 100 35.......... 180 20............300 10............500
Explain why the drought will lead to a rise in the price of bread.
What is the mean tax for improperly filed employment tax returns? What is the standard deviation? Is the highest penalty, $2040, an outlier?
Plastic bags have been blamed fo street litter, ocean pollution, and cabon emissons produced by manufacturing and shipping them. Last summer, Seattle approved a 20- cents charge on plastic shopping bags, wich was intented to reduce pollution.
A family wants to start an education account in 2010 (1st payment at year end 2010) by making equal annual payments in constant 2010 dollars until the time of the last tuition payment. Calculate the equal annual constant 2010 dollar payment.
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