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(a) Distinguish between returns to variable proportions and returns to scale.
(b) Explain the following concepts:
(i) Increasing returns to scale
(ii) Constant returns to scale
(iii) Decreasing returns to scale
Your company is considering an investment project that will generate after-tax cash flows of $1,000 per year for the next three years (and then be scrapped, with no salvage value).
Explain whether you think the supply of the following goods is elastic or inelastic,
Assume NJ government decides to impose a $1,000 per student tax on colleges Every college has to pay $1,000 for each student enrolled.
The questions are from economics, mainly macroeconomics. The questions are clarify the non-market housing or social housing. Non-market or social housing is different from the regular housing market and supply
Analyse the economic situation in Greece since the financial crisis, the effects the austerity measures have had and may have on the economy, and provide a recommendation to future policy makers.
Using the aggregate demand-aggregate supply model, predict what happens in the short run when there is a general decrease in raw materials cost.
Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under ..
Which of the following measures of the money supply is currency included in - If the growth rate of the money supply is 8%, the growth rate of the velocity of money is 4% and inflation is 6%, what is the Solow growth rate?
science of macroeconomicsdata of macroeconomics national income money and inflation.test will have 20 sample multiple
Compute the value of the price index for GDP for 2006 using 2005 as base year. By what percent did prices rise?
In both countries, g=0.02 and δ=0.04. Find the steady state value of y for each country.
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
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