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What happens to marginal product of the factors when an isoquant has zero slope? What happens to the marginal product of input if isoquants are downward sloping?
The annotated bibliography assignment is your main project for this class. It includes a written thesis statement about a topic of your choice and a list of seven related resources, each with a pathfinder, a citation, and an evaluation of each ite..
Assume that James owns a wheat farm that produces an annual crop of 500 bushels. His only choice is to store it in a nearby grain elevator owned by Martin, whose facility will be empty unless James is using it.
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
It cannot be as the inflation by definition real wages have factored inflation in.
Southwest Physicians, a medical group practice, is just being formed. It will need 2 million dollar of total assets to generate $3 million in revenues.
Kim gets a research grant and his income increases to $80 a month. What is the new equation of his budget line? What if income stays constant at $40, and the price of a book increases to $10?
Use the production function equation to describe the ‘income inequality hypothesis', i.e. that labour income is being redistributed to capital. What might that particular model imply about what is happening and why?
Suppose that the rate of inflation in Japan is 2% in 2011. If the rate of inflation in Germany is 5% during 2011, by how much would the yen strengthen relative to the euro if relative PPP is satisfied during 2011?
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
1. Consider the following AS-AD short-run framework. Assume that up to period t = 2000 the economy has been resting at the long-run equilibrium (Point A). The Fed. decides an expansionary policy with shifting AD curve to the right (AD2000 =⇒ AD200..
Outdoor Sports Corporation, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45 percent chance of occurring,
If the elasticity of demand for spring break packages to cancun is -5 and if you notice that this year in cancun the quantity packages demanded increased by 10% then what happened to the price of cancun vacation packages?
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