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Draw a short-run production function: q=f(A,L,K ¯). Show that if some innovation results in higher productivity (A) but not increase in demand of the product, the innovation will reduce employment.
Business Economics, Economics
What does an increase in the savings rate do for a country's output? Why doesn't every country do that?
Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 4.82 in a normally distributed population.
The attractiveness of a country as a market or investment site depends on balancing the likely long-term benefits of doing business there, against the likely costs and risks. What do you consider are the determinants of ...
In 1975 the price of gasoline per gallon was 56.3 cents. With the 1975 price as a reference value, the gasoline price index for 1998 is 198.7. What would the cost of a gallon of gasoline be in 1998.
A restaurant is considering extending their opening hours, either by extending their hours on weeknights or weekends. 85% of the customers surveyed said that they preferred extended hours on weekends. 55% of the customer ...
What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?
One of the authors received a credit card bill for 3167 and it included a charge of 1622 that was not valid. Find the values of the absolute amd relative errors.
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
Of all the companies on the New York Stock Exchange, profits are normally distributed with a mean of $6.54 million and a standard deviation of $10.45 million. In a random sample of 73 companies from the NYSE, what is the ...
Tom's income is $480and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $8 per unit. a. Use lagrangian function to calculate Tom's utility-maximizing purchases of X and Y. b. I ...
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