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The Solow model with population growth and labor-augmenting technological progress predicts balanced growth in the steady state. Growth rates of which variables are predicted to be balanced (i.e., will be equal) in the steady state?
You are the Economist of the office of Community Development at UCLA. In 2015, you implemented a program of entrepeneurship in LA. Your design was such that the western region was offered that program, while the eastern region was not. Compute the ch..
A firm sells its product in a perfectly competitive market where other firms charge a price of $120 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charg..
Explain how a focus on core competency could be compatible with an expanding vertical boundary; with an expanding horizontal boundary
Stan Moneymaker has the opportunity to purchase a certain U.S. Treasury bond that matures in eight years and has a face value of $10,000. The bond stipulates a fixed nominal interest rate of 8% per year but interest payments are paid quarterly. Stan ..
Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good?
Give two examples of actions taken by the administration of yourcollege whose effect is to prevent specific markets from reaching equilibrium
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
Elucidate how do you compute the effective price reduction resulting from a coupon promotion.
Suppose two firms sell an homogeneous product; they compete in prices. Their respective marginal costs are MC1(q) = 10 and MC2(q) = 20. Find the prices that form an equilibrium (for simplicity and reality, assume that prices are quoted in units no sm..
When individual fishing boats harvest more fish each year in order to maximize profits while, as a result, threatening the fish population with extinction, it is called:
When managers determine their prices, they may not believe they have any options. While it’s true that firms in a competitive market have little room to maneuver, they may not recognize that pricing technology may allow them to find the profit-maximi..
The market for pumpkins is a competitive market where the quantity of crates demanded is given by Qd = 18.2 – 0.2P and the quantity of crates supplied is given by Qs = (P/6) – 0.5. Provide the inverse demand and inverse supply functions for pumpkins...
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