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To speed relief to isolated South Asian communities that were devastated by the December 2004 tsunami, the U.S. government doubled the number of helicopters from 45 to 90 in early 2005. Navy admiral, Thomas Fargo, head of the U.S. Pacific Command, was asked if doubling the number of helicopters would “produce” twice as much relief. He predicted, “Maybe pretty close to twice as much” (Vicky O’Hara, All Things Considered, National Public Radio, January 4, 2005). (1) In terms of “production” of relief, what kind of return to scale was the admiral discussing? (2) Assuming that “production” of relief requires only helicopters and pilots, draw an isoquant that illustrates the production process
Write the print f C Code which will display the output with three spaces preceding it. Illustrate what is the marginal cost of the last bucking bronco produced.
Suppose the firms in a monopolistically competitive market are incurring economic losses. What will happen to move the market to its long-run equilibrium?
What about longer term dynamics of the global economy? What might be those benefits or losses
World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to ex..
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
Agriculture and Agri-Food Canada implemented a farm savings plan called AgriInvest that would help farmers navigate shallow losses (differences between revenues and expenses that are not extreme). What is the rate of return (on the first 22,500 contr..
q1. illustrate the positive part for us economic by getting the oversea factories back?q2. illustrate does the fed get
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
q1. explain why each of the following statements is true false or uncertain according to economic principles.suppose
In looking at market structures we often see that monopolies are sole providers of a good or service. In looking at utility companies, why are they typically awarded the ability to be monopoly from government?
Alejandro scoobert owns a store specialization in soccer jerseys. Illustrate what was the value added to Alejandro store in 2008.
Consider an investor who, on January 1, 2016, purchases a TIPS bond with an original principal of $100,000, an 8 percent annual (or 4 percent semiannual) coupon rate, and 10 years to maturity. From your answer to part a, calculate the inflation-adjus..
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