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Discuss and contrast how your State and Metropolitan/Local Area GDP rates and personal income compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the contributors to real GDP, personal income increases, or industry earnings within your State and Metropolitan/Local Area.
a)Solve the optimal choice problem for agent i if p1 = p2 = 1; and I=15 b)How does this answer in part a change if income doubles?
Say that a person has observed the following: family farms in a developing country tend not to consider family labor which is used to work the farm (weeding, harvest, etc) as a cost: that is, family farms in a developing country tend not to val..
Suppose there are n identical firms in a market. each firm's cost function is given by C= 240+14q^2, where q is the amount that an individual firm produces. this means that an individual firm's marginal cost is given by MC = 30q. Also, the market ..
A firm is facing the following input prices: wage rate = $8/hour and price of capital = $16. At the current input mix MPL = 24 and MPK = 32. Should the firm change its input mix? Why?
The Fed should simply increase the money supply at the same ratethat the full employment economy grows, and the government shoulddesist from any stabilizing urges." What school of thought would make this suggestion, and how do economists of that scho..
Eighty units of end item E are needed at the beginning of week 6. Threecases (30 units per case) of J have been ordered and one case is scheduled toarrive in week 3, one in week 4 and one in week 5. Note: J must be ordered by the case and B must..
Develop a Java application that inputs the salesperson's gross sales for that item for last week and calculates and displays that salesperson's earnings. There is no limit to the number of items sold. After the loop is done, print out the aggregat..
As an employee of the World Bank, you have been asked to research 1 economic concern in an Asian country and write a report on your findings.
It is important to note that where an offer specifies a particular mode of acceptance, only an acceptance communicated via that method will be valid?
Describe a sequential game facing your firm, and represent it in extensive or tree form. Compute and analyze the equilibrium of the game.
Please research the ultimatum game and its game theory application to decision-making and market coordination. How might the ultimatum game help solve the assurance game problem introduced by Hanley et al. 1997 (see page 17).
The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.
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