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According to Banerjee and Duflo, are poor people caught in a poverty trap, so that their pursuit of the things they need for immediate subsistence prevent them from saving up for better health care and education? Explain their position and the evidence they present for it. Is their case persuasive? Explain your answer.
Banerjee and Duflo , Poor Economics.
Suppose that, at the last minute, the company decides to purchase the same machinery at the same rate (8 percent), with payments decreasing by $7,500 each year. How much is the first payment?
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
Due to competition among firms, markets that have more firms usually have lower prices. However a study by two economists in 92 metropolitan markets in the United States found a different result for the pricing of the service of the primary care phys..
Determine the point price elasticity of demand for Tweetie Sweeties.Determine the advertising elasticity of demand.What interpretation would you give to the exponent of N?
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
q.predict how us monetary and fiscal policymakers might respond to the following macroeconomic shocks to promote stable
Explain why does a newspaper dispenser open to a stack of newspaper and essentially "trusts" a consumer to take just one copy.
The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm’s total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What is the firm’s ec..
The 16 overhead doors on your loading dock must be replaced now . The deluxe model costs $2,200 for each door and will last for six years. The standard model costs $1,600 for each door and will last for four years. The deluxe model is aluminium so it..
Suppose the authorities are considering either a tradable emission permit system, in which they give half the permits to each firm, or a tax system. If both systems work perfectly, how much will the firms have to pay, in total, for pollution reductio..
q.pretend you were hired to lead the presidents council of economic advisers in 2009. using the macroeconomic
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
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