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Plot the following scenarios for per capita GDP on a ratio scale. Assume that per capita GDP in the year 2015 is equal to $10,000. You should not need a calculator or computer program. Use the Rule of 70 to label the value of per capita GDP on the graph in the year listed below.
(a) Per capita GDP grows at a constant rate of 5% per year between 2015 and 2085.
(b) Per capita GDP grows at 2% per year between 2015 and 2085, speeds up to 7% per year for the next 20 years, and then slows down to 5% per year for the next 28 years.
(c) Per capita GDP grows at 7% per year for 50 years and then slows down to 1% per year for the next 140 years.
What effect does the Dollar depreciation and appreciation have on US trade balance? Explain. Discuss the pros and cons of a fixed-exchange rate regime.
Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.
A machine that has been used for one year has a salvage value of $10,000 now , which will drop by $2000 per year. The maintenance costs for the next 4 years are $1250, $1450, $1750 and $2250. Determine the marginal cost to extend service for each of ..
If the economy is competitive so that factors of production are paid the value of their marginal products, illustrate what is the share of total income that will go to land.
This marginal cost is the only cost associated with the product. Illustrate what are the profit-maximizing price also quantity. Illustrate what are your optimal price also quantity.
Discuss how you would use regression to help you with your task—specifically, explain how you would go about evaluating the goodness-of-fit and the predictive efficacy of your model.
q1. your employer asks you to calculate the present value for a project that will result in an immediate financial
measured in thousands of units and price (P) is measured in dollars per unit. The equilibrium quantity in this market it.
Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $90,000 and will generate net cah inflows of $19,000 per year for 11 years. If the discount rate is 16..
Illustrate what are the concepts gender planning, gender budgeting and gender mainstreaming mean.
The typical right wing/free market argument that leads to privatisation of government assets is that the government assets will be far more efficiently managed when in the hands of profit seeking capitalists, rather than being owned by the government..
Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?
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