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Suppose India has a per capita GDP that is .074 times the United States GDP. It has a capital-per-person ratio that is .035 times that of the United States. Compared to the United States, the implied value of total factor productivity for India is approximately?
Dana's Doorsteps (DD) is a monopolist in the doorstep industry. Its cost is C= 10Q and demand is P = 30- Q.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Ellucidate why is it that wages are not dropping instead they are inching upward on a year to year basis.
Assume that the Federal Reserve acts to lower interest rates. How this will affect the U.S. economy.
State the quantity equation.What is the velocity of money?What is the difference between
Because government-operated firms do not have to make a profit, they can usually produce at a lower cost and charge a lower price than privately owned enterprises." Evaluate this view.
this table shows the short run production function for a competitive firm whos output sells for 20 a unit.l q0 01 22 63
Use an economic argument to explain why, in your example in part a, it might be profit maximising for the firm to use both mechanisms rather than just using one mechanism?
Identify one e-Commerce system that offers data integration via Extensible Markup Language (XML) or JavaScript Object Notation (JSON).Do not repeat an example that has been posted by another student.
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending or sharp increases in federal income tax rates?
How does this proposed tax hike affect the social cost of gasoline consumption in the short-run In the long-run d. Do you support this proposed tax hike If yes defend your position If not provide an alternative policy (Answer as an economists, n..
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