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Do you think the MP (marginal productivity) figures in the presentation are based on a single variable factor, or all factors of production? Why? In the paper, what other input factors are necessary to make the holiday wreaths? Are those other factors considered variable in the long run? Why or why not? How can you tell if you have increasing or decreasing returns to scale for the holiday wreath example?
People “by their own toil keep in existence a reality which enslaves them in ever greater degree”. Explain what this statement means in your own words. Do you think this is true in the US in 2015? Explain your answer.
q.government budget constrainta write the governments lsquolifetime budget constraint assuming its lifetime is just
q.a new water pump has been purchased for 1400 that is expected to require 600 per year in annual operating costs plus
Who are the winners and who are the losers from "free trade"? Why do economists believe that a a tariff is better than an import quota? (Actually most economists do not like either!). Why is the "infant industry" protectionist argument perhaps valid ..
Measuring performance: If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment:
Some economists argue that unemployment is largely voluntary and other say it is largely involuntary. Pick a point of view and argue for it. Feel free to use real examples for your answer, be sure to address the other side as well, that is not only w..
What would happen to the Production Possibility Frontier over time? How would invention and technological improvement modify your answer?
One thousand dollars is deposited into an account that pays interest monthly and allowed to remain in the account for three years. If the annual interest rate is 6%, the balance at the end of the three years is closest to
q. assume that the production function for all countries is given by y ak13. assume that the depreciation rate d and
Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?
Brad will graduate next year. When he begins working, he plans to deposit $3,500 at the end of each year into a retirement account that pays 5% interest. How much will be in his account after 40 deposits?
If the money supply increases too rapidly then, Monetary policy probably affects all of the following except, Which of the following is not a channel of transmission of monetary policy?
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