Ask Question, Ask an Expert


Ask Microeconomics Expert

suppose we have two economies- lets call them earth and mars- that are identical, except that one begins with a stock of ideas that is twice as large as the other. A/Earth0=2* A/Mars0. the two economies are so far apart that they don't share ideas and each evolves as a separate romer economy. on a single graph( with a ratio scale), plot the behavior of per capita GDP on earth and mars over time. what is the effect of starting out with more knowledge?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M946388

Have any Question? 

Related Questions in Microeconomics

Acts of possessioncarefully read acts of possession which

Acts of Possession Carefully read "Acts of Possession," which covers European modes of possessing land and justifying colonization in the Americas. Write a short essay Addressing the following: What common features or as ...

Businesses should examine various internal methods of

Businesses should examine various internal methods of financing or nonbank sources of credit as opposed to obtaining a bank loan. Read "Entrepreneurship In Action - Where Do we Turn Now?" on page 504. Answer these questi ...

Applications and best practicesi always like to hear the

Applications and Best Practices I always like to hear the feedback from students about what are some of the challenges they face in the economic concepts. This makes the class advance in the future. From your perspective ...

Long-term investment and cost-benefit analysis please

Long-Term Investment and Cost-Benefit Analysis" Please respond to the following: From the scenario for Katrina's Candies, suggest one method in which Herb could use a cost-benefit analysis to argue for or against an expa ...

Question -for production of dodecylbenzene sulfonates main

Question - For production of Dodecylbenzene sulfonates (main raw material for production of detergent), the detergent plant needs 2000 metric ton per day of hydrocarbons (mixture is acceptable) with boiling point between ...

Problem 1 -an economic forecasting organization has

PROBLEM 1 - An economic forecasting organization has developed a model they feel will help them better predict the market conditions than just overall sentiment.  Their proprietary model yields either Positive or Negativ ...

Assignmentslegal and ethical norms in business must be

ASSIGNMENTS Legal and ethical norms in business must be considered to support the aims of research, such as verification of knowledge, truth, and avoidance of error. Business ethics have become of paramount concern and a ...

Problemdescribe some interaction your company has with

Problem Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or down-stream customers), or between internal divisions within your firm ...

Question should insider directors constitute the majority

Question: Should insider directors constitute the majority of a corporate board instead of investors?

Technological advancement for firms- econin consideration

Technological Advancement for Firms- ECON In consideration of the arguments made by Chandler, Enduring Logic of Industrial Success, answer this question: • What role will technological advancement play in the future evol ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate