Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The highest steady state level of consumption occurs if workers save half of their income each period (i.e. s=0.5). Let us check this. Consider a simplified version of the Solow Growth Model. Assume per capita output is given by q=k^(alpha). Assume depreciation, δ, is 10 percent (i.e. δ = 0.1) and alpha is 0.5.
a) What is consumption per capita in the steady state if s=0.25?
b) What is consumption per capita in the steady state if s=0.75?
c) What is consumption per capita in the steady state if s=0.5?
d) What savings level gives the highest level of steady state consumption?
s=0.25? s=0.75? s=0.5?
Assuming the market equilibrium price for wheat is $5 per bushel, draw the total revenue and the marginal revenue curves for the typical wheat farmer in the same graph. Explain how marginal revenue and price are related to the total revenue curve.
Most hospitals in Great Britain are owned by the government (part of the National Health Service), and the doctors who work in them are employees of the hospital. In what ways do you think their behavior would differ from comparable doctors in a not-..
Why do private businesses generally not have a corporate governance agency problem? Identify at least four methods that have been used to attempt to deal with the agency problem in corporate governance and comment on the pros and cons and effectivene..
What are the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society and what is distribution of income.
Suppose that two Cournot duopolists serve the Peoria-Dubuque route, and the demand curve for tickets per day is Q=200-2p (so p=100-Q/2). Total costs of running a flight on this route are 700+40q where q is the number of passengers on the flight. Each..
What causes fluctuations in the consumer price index? What caused the fluctuations in the consumer price index from 2012 to 2015?
Paula has set aside $60 monthly budget to attend plays and watch movies. She likes plays exactly three time as much as she likes movies. Draw her indifference curves. If the price of movies decreases to 4 dollars how many movies will she see?
The own price elasticity of demand for gasoline is estimated to be 0.6.
A monopolist has an inverse demand curve given by p(y) = 12 - y and a cost curve given by c(y) = y2. What will be its profit maximizing level of output? Suppose the government decides to put a tax on this monopolist so that each unit it sells has to ..
Explain why "money supply shifts" are important in macro-economics.
The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?
Suppose a firm's demand curve is given by P = 50 - 0.25Q. What is the price elasticity (value of) of demand for the demand curve when the price is $10. Is that demand elastic or inelastic and why?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd