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1) How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth? Why do these differences exist?
(2) Policy makers disagree on the benefits and disadvantages of the interactions between developed nations and developing nations. Some say that developed nations don't want developing nations to grow technology so that they can just exploit their resources. Others say that makes no sense since the growth of developing nations leads to competition, cheaper prices and expanded choices for all. Which of the above do you agree with and why?
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
A firm's demand function is defined as Q = 14 %u2013 2P. a) Use this function to calculate total revenue when price is equal to 3 and when price is equal to 4. b) What is marginal revenue equal to between P=$3 and P=$4?
Suppose good X is a normal good. Then a decrease in income would lead to
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. What is the average and marginal cost of unit production (again, measure output in thousands of uni..
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
if possible, your most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. Explain how would you rank them and why.
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
Create two separate graphs that show current changes in equilibrium interest rates using the MD and MS curves. Describe the following: The Fed's actions to fight recession, The Fed's actions to lower inflation
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
Concerning a country's business cycle, which of the following situations is commonly associated with large or growing current account deficits?
The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by 25%. Explain why this occurred. How can the money supply fall when the base increases?
How to interpret estimated coefficient and How to count tendency ratio between one category of certain independent to or category.
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