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What barriers to economic growth can be explained using the Harrod-Domar model?
Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over the capital output ratio. This is put as g = s / k. Define the implication of the model and then outline various impediments to its execution in real life in developing countries. Note that the question necessarily leads to a degree of spin-off in that the basis of the Harrod-Domar equation gives a starting point for discussion of limits to its viability.
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
How to calculate: fixed cost is $1,000,000 tvc $4,400,000, avc is $22, atc $27, worker productivity is 4. How do I calculate the profit or loss?
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Summary of Demand and Supply Considerations of Education A study of supply and demand considerations in education helps in understanding four major issues and concerns of an e
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Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari
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