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What were the main causes of the Great Depression of the 1930s? Why did the Depression cause such severe unemployment in industrialised countries? Why were governments around the world so ineffective in dealing with this crisis?
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
If the dollar appreciated in real terms against the euro by 2 percent in a year, and in same year, inflation rates in the U.S. and the euro zone were 3 percent and 1 percent,
Compute the profit at the end of each year if the hospital continues to use the traditional method for surgical operations and compute the profit at the end of each year if the hospital uses a Robotic Surgery Machine for surgical operations.
What is the marginal propensity to consume in Freedonia, and what is the marginal propensity to save - What is the new equilibrium level of income?
Suppose that a 20 percent increase in the price of normal good Y causes a 10 percent decline in the quantity demanded of normal good X. The coefficient of cross elasticity of demand is:a.negative and therefore these goods are substitutes
Yolanda owns an art factory in Palermo, Italy. She is thinking of expanding her exports of large-size paintings of Italian cityscapes. She has had little difficulty recruiting new artists to Palermo to work a 40-hour week in the factory.
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurements to make managerial decisions.
a study of 86 savings and loan associations in six northwestern states yielded thefollowing cost function c 2. 38 2.84
There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P..
economic scenariothe u.s. is in recession and at last report gdp was shrinking at a rate of 1 per year.the unemployment
consider the following production function y fkl a k0.4 l1.0a. calculate the marginal product of labor.b. does this
How has Facebook impact your life? The life of your friend and family? Would you say this impact has been generally positive? Are there any drawbacks to the connectivity that Facebook has allowed you in your life?
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