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1. In the Malthusian model, let the production function be y = 10-.1L, or y = 10-(1/10)L, the death rate schedule be 60-10y, and the birth rate be 40 per thousand. Draw the production function (y on the horizontal axis and L on the vertical axis), and put numbers on the axes. Draw the death rate function (y on the horizontal axis and death rate per thousand on the vertical axis). Also draw the Rate of Natural Increase (RNI) function and put it below the production function.
a. What is the equilibrium income (y*)?________ Show your calculations.
b. What is the equilibrium level of population (L*)? __________ Show your calculations.
c. If the population is currently at 70, is the economy in equilibrium? ______. If not, will the population rise or fall?_________. Will per capita income rise or fall?
Is growing economic inequality a political problem? This topic is under the module Foundations of Political Economy and lies under the area of International Political Economy.
If EPA warned you that there are 300 burrowing owls in proposed region Community A and 300 burrowing owls in proposed region Community B, determine Simpson's diversity index for community A.
problem 1 estimating the marginal return to schooling suppose carls wage-schooling locus is given by the following
Draw the budget constraint facing any worker under the original program and draw the budget constraint facing any worker under the proposed new program.
Economics 236: Health Economics and Policy Group Assignment 4. Write down mathematically, and explain how much consumers are willing to pay for health insurance
Illustrate the extended form game of the two-period, two-firm game - Describe the second-period pricing for the case in which the first-period product is nondurable and durable.
If company A finds minerals below company B's surface property, it may mine and use the minerals for its own use because it has not gone onto or disturbed company B's property.
economics of oil gas and energyread through the executive summary of the ukerc report on the rebound effect. briefly
Describe Abell's three-dimensional business-definition model and explain where it can be utilized. Then, consider Reader's Digest Association, publisher of Reader's Digest, the largest circulation magazine in the world in 1992.
Discuss how institutions such as the rule of law, competitive markets, stable money and prices, and regulation are sources of economic growth.
Health care reform is a topic that is likely to be debated for a long time to come. Imagine yourself as a crafter of health care solutions for this county and you are charged with presenting your solution to a bipartisan group of citizens and legi..
Suppose that a study designed to collect new data on smokers and nonsmokers uses a preliminary estimate of the proportion who smoke of 30.
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