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If the marginal product of capital net of depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labour-augmenting technological progress equals 2 percent, what must happen to the saving rate to reach the Golden Rule level of the capital stock?
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a price so high that there is no demand for the good.
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.
Please provide the reference info. for the articles found so that I can read and understand the issues.
Diffentiate among short-run and long-run and consider the role of expectations.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
Explain how does each of the following affect the aggregate demand curve?
In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.
Describe the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace.
Determine what ways are company isoquant maps and individuals' indifference curve maps based on the same idea? What are the most important ways in which these concepts differ?
A new taco-making machinery which is similar in size and cost to hog dog carts has encouraged more street vendors to begin selling tacos.
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
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