Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Question: Population growth: Suppose the world population today is 7 billion, and suppose this population grows at a constant rate of 3% per year from now on. (This rate is almost certainly much faster than the future population growth rate; the high rate used here is useful for pedagogy. If you like, you can use a spreadsheet program to help you with this question.)

(a) What would the population equal 100 years from now?

(b) Compute the level of the population for t = 0, t = 1, t = 2, t = 10, t =25, and t = 50.

(c) Make a graph of population versus time (on a standard scale). (d) Now make the same graph on a ratio scale.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93105377

Have any Question?


Related Questions in Microeconomics

Question requires calculus the demand facing a monopolist

Question: (Requires calculus) The demand facing a monopolist is Q = 50 - 2P and total cost is TC = Q + 4Q 2        Find the monopolist's optimal price, quantity, and profit. Graph the solution. a. If this were instead a ...

If the price of gasoline is 4 per gallon and the price

If the price of gasoline is $4 per gallon and the price elasticity of demand is .4, how much will a 10 Percent reduction in the quantity placed on the market increase the price?

Question you were recently hired to replace the manager of

Question: You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing firm, despite the managers strong external sales record. Roller manufacturing is relatively simple, requir ...

Question a clothing manufacturer employs casual sales staff

Question: A clothing manufacturer employs casual sales staff on an as-needed basis at the legal minimum hourly wage. At the same time, the owner of the outlet enters into a fixed-term contract with a department store to ...

Question a soap producer has two types of customer a and b

Question: A soap producer has two types of customer, A and B. Each will buy at most 1 pound per week. Type A customers will pay at most $6 for it, and Type B will pay at most $4. Production cost is $2 per pound. Using a ...

Question assume that a competitive economy can be described

Question: Assume that a competitive economy can be described by a constant returns to scale (Cobb-Douglas) production function and all factors of production are fully employed. Holding other factors constant, including t ...

Question the directors of ace airlines have decided to

Question: The directors of Ace Airlines have decided to incentivize their 1,000 employees by issuing every one of them 200 shares of stock. (Assume there is no problem of equity dilution, because the company has 40 milli ...

Question in the wall street journal article included in

Question: In the Wall Street Journal article included in this week's lesson, what change in the small drugstore chain's product differentiation strategy has helped lift profitability? What has been responsible for the su ...

Question in the case of a binding price ceiling why is the

Question: In the case of a binding price ceiling, why is the price below the equilibrium price? Isn't it possible for suppliers to increase price (to hit the demand curve) at the quantity traded without losing consumers? ...

Question one study compared the performance of a single

Question: One study compared the performance of a single company's franchised and company-owned fast-food outlets on health inspections. It found that franchises received higher (i.e., better) average point scores on a s ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As