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Q1. Besides elections and campaigns, do the major political parties influence public values and ideas? Do you think their level of influence is appropriate? Why? Do minor parties influence public values and ideas? If not, Explicate why. If so, Explicate how.
Q2. Assume we have a Cobb-Douglas production function of Y = K0.5L0.5. Assume s =0.25, d = 0.25, and initial k = 5. Derive the steady-state level of capital (k*) (calculate until Dk is at a level where the first 2 decimal points are 0.
A. Illustrate happened to capital accumulation? Did the capital stock increase or decrease.
B. Did the economy (y) increase or decrease? Why do you think which happened?
which limits amount of goods they can purchase. Preference Consumers always choose goods which give most pleasure. So how do we measure about pleasure.
illustrate the effects of capital formation by comparing the production possiblility curves at the present time and ten years in the future.
a price- setting firm wilpen company produces nearly 80 of all tennis balls purchased in united states. wilpen
For an interest rate of 12% and a lifetime of 10 years, which proposal should be selected? Calculate your answer in three ways: Using present worth on incremental investment
Illustrate what is the short-run supply curve for each firm in the company. What is the short-run supply curve for the industry as a whole,Qs.
The problem is that even though you have assigned values of a,b,c, SN thinks that f is also a function of t, for which you have not assigned a value.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
Assume bad wear in Florida ruins much of orange crop. Illustrate what happens to consumer surplus into market for oranges.
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
Find the gradient of Q b. Find the Hessian of Q c. Denote the initial K = 10,000
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Now suppose that at the end of the year, Apple has sold 20.3 million iPhones. What was Apple's planned investment? What was apples actual investment?
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