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According to the rule of 72, if a nation’s per capita real income persistently grows at a rate of 3 percent per year, in how many years will its level of per capita real income double? What about if the persistent rate of growth is 4 percent?
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical gro..
To increase the money supply, the Bank of Canada can:
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Suppose that the production function for floppy disks is given by Q = KL2 L3 where Q is the number of disks produced per year, K is machine-hours of capital, and L is man-hours of labor flow of capital service. a) Suppose K=600. Find the total produc..
To examine some of the causes of differences in income, and to describe and analyze some of the government policies that attempt to reduce poverty. To show how the Social Security program is designed, how it developed from an insurance program to a t..
Discuss the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of some form of price-setting agreement.
Suppose that the monetary base increases by $400 billion. If the money multiplier equals 2.75, the money supplies:
Consider the following Demand equation that represents Demand for goods to your company produces q=100-2p. Total cost of production is cq. Given to your company's objective is to maximize profit
What is the purpose of criminal law? Explain how crimes are classified? Give two examples of white-collar crime. What do you believe the punishment should be for this crime?
A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving
Beth has two sandwiches for lunch. The marginal benefit that beth receives from the second sandwich is _________.
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