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State whether the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L
Discuss and explain the income and consumption relationship make sure to describe marginal propensity to consume. If you received an extra dollar, how much of it would you spend?
If the federal government enacts a tax on a monopoly, how would expect the additional tax to affect the following Output produced by the monopoly or else.
On balance one would argue that our society is mixed on the question of allowing firms to operate with market power; we certainly don't permit unregulated monopolies from operating but we do have a lot of industries where firms are permitted to..
A Company operates plants in both the US (where capital is relatively cheap and labor is relatively expensive) & Mexico (where labor is relatively cheap and capital is relatively expensive). Under what circumstances will the input choice be relativ..
A monopolist has access to an industry with market demand P = 10 ? y where y is the firm’s quantity. Its cost function is C(y) = 2y. Decide the firm’s profit maximizing quantity. Show your outcome on a graph. What is the firm’s profit? Calculate the ..
How are inflation and interest rates related? How does one affect the other? What is the "loanable funds" theory mean for all of this?
Could it be possible that a government regulation led to flash crash and what does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon?
Why do cities exist? Why don't we all just live on large lots of land in Texas/rural Ontario/etc? We could be self-sufficient and avoid all the hassles of city life.
How the economy works and why the idea of limited resources is such a major concern in today's economy
Draw the event tree of economy. For both nodes at t=1, compute the netindex return between periods 0 and 1. What is the expected return of the indexbetween t = 0 and t = 1?
Should the government subsidize college education so that it can be provided with very low tuition?
Explain the nature of the externality problem in this scenario.
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