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In the production function, Y = A F(K, L), identify each variable. What does an increase in A mean?
If labor’s share of income is 80% and capital’s share of income is 20%, how would the Cobb–Douglas production function be written?
If both capital and labor increase by the same proportion, would the economy be expected to experience diminishing marginal returns?
What is total factor productivity, and how is it calculated?
Suppose that it is known that labor receives 25% of national income. With a Cobb-Douglas production function and an initial level of real GDP of $10,000, what happens to real GDP if both capital and labor double?
Import Quotas also voluntary export agreements are often used instead of tariffs. What are the differences.
Elucidate what factors besides your quantitative analysis should be considered in making this decision.
Rita has well-behaved preferences over steak and fries. at her current consumption bundle of 3 steaks and 10 fries, her marginal rate of substitution between steak and fries is 1/2 (in absolute value). if you offered to take away one fry and give ..
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
Research and critique the international trade and investment policies proposed by both U.S. Presidential candidates. Describe the motivations fueling each candidates policies and then asses how effective you think these policies would be.
Does that mean that, by using the Phillips curve, is the unemployment rate zero when the rate of inflation is neither increasing nor decreasing?
The Wall Street Journal reports that the rate on three-year Treasury securities is 5.60 percent and the rate on four-year Treasury securities is 5.65 percent. According to the unbiased expectations hypothesis
Explain why do economists believe that the CPI overstates the rate of inflation
Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
Marketing refers to the four P's in duscussing firm strategties. Why do you think price is the most powerful and important P that the firm has at its disposal What makes it so much nore attractive as a tool as compared to the other Ps
Identify also explain the different functions performed in the electricity supply sector by several different types of electric utilities in these markets.
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