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Q1. What factors might contribute to a low or high growth rate in a country? why do some poor countries experience higher growth rates than others when all face the same challenges?
Q2. As a manager of a company, you are asked to purchase a refrigerator for your company's lounge. You have narrowed the search down to 2 models. The energy efficient model sells for $1000 and will save $120 at the end of the next 3 years in electricity costs. The standard model has features similar to the energy efficient model but provides no future savings in electricity costs. it sells for $690. Assuming that your opportunity cost funds (interest rate) is 5% which refrigerator would you buy and why?
Compute the profit-maximizing price and output levels assuming Pear acts as a monopolist for its product. Determine the total contribution to profits and fixed costs from the solution generated in Part (a).
Explain why does price equal marginal revenue for the purely competitive firm. what is the relationship to the demand curve for the firm.
The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
Elucidate the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Illustrate what must the saving rate be to achieve the Golden Rule level of capital.
Suppose that the only input used in the generation of solar energy is sunlight
As an advisor to the project manager, Derrick Westmuller, illustrate what set of procedures would you advise they adopt.
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most resemble?
Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."
Analyze the economic impact of current approaches to controlling air pollution to determine which approach is the most effective. Provide support for your rationale.
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