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Q. Based on the production function parameter estimates reported:
a. Which industry (or industries) appears to exhibit decreasing returns to scale? (Ignore the issue of statistical significance.)
b. Which industry comes closest to exhibiting constant returns to scale?
c. In which industry will a given percentage increase in capital result in the largest percentage increase in output?
d. In what industry will a given percentage increase in production workers result in the largest percentage increase in output?
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
Illustrate what is james price of producing potatoes what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
Visit the Bureau of Labor Statistics for state employment also unemployment.
q.in this problem we consider the differences between the competitive monopoly and cournot equilibria under the same
Illustrate what is the relation between marginal benefit and marginal cost at this level of the control variable.
Illustrate what conclusions can you draw about this period by comparing this cycle to previous business cycles.
Would the effect on aggregate demand be larger if the Bank of Canada took no action in response, or if the Bank were committed to maintaining a fixed interest rate.
how should he change his bundle to reach his optimum? Explain your answer using the marginal utility condition at the optimal choice.
Other counters that we are running out of cheap energy. Explain which person is correct also why.
Suppose the demand function is Qxd = 100 - 5Px + 2Py - M. If Px = $4, Py = $2, and M = $50, what is the cross-price elasticity of good x with respect to the price of good y?
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