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Quinoats are a primary staple food in the tiny village of Frizzample, which is located in a far away country that you've probably never had a chance to visit. The technology by which Frizzamplese farmers produce quinoats is represented by this production function:
q = 4 *
Plot a graph of GDP per capita against life expectancy for the countries shown. Does your plot con?rm the Pritchett and Summers ?nding?
Suppose Pz= $30. Determine the supply function and inverse supply function for good X. Graph the inverse supply function.
q.1 price elasticity of demand depends on various factors. explain each factor with the help of an example.q.2 show how
Assume $92,500 is an accurate estimate of the annual savings that will result from this investment, but it is not clear how long the machine will be used. Assuming that the salvage value decrease linearly from $500,000 to $50,000 over a 10-year in..
nbsplisted below are several summary statements from the 2010 census reportthe official poverty rate in 2010 was 15.1
Describe the "typical" person in the United States without insurance, and discuss how that person's uninsured state is quite predictable.
The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is.
Which of the following conditions would be least likely to lead to a monopolistic market structure?
1) Explain how moral hazard and adverse selection made the S&L crises worse. Discuss this with respect to both the S&L depositors and the S&L operators?
A monopolistic firm faces the following demand curve. Q = 7800 -12 P This monopoly's cost function has been estimated as follows: TC = 460,000 + 50 Q What price should this monopoly charge to maximize its profit? What would be its equilibrium profit?..
Karen runs a print shop that makes posters for large companies. It is a very competitive business. What is her AFC per poster (not per thousand!) if she prints 1000 posters? 2000? 10,000?
Why does the assumption of independence of risks matter in the example of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively corre..
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