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Trying to work this problem, suppose output is given by the production function Y= F (K,L) = AK ?L? what happen when you double L, leaving K fixed?
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The Twin Crises: what are the Causes of Banking and Balance-of-Payments Problems?
Assume you are working at the Consumer Protection Agency. Recently, you have been getting complaints about the highway gas mileage of a new minivan. The car company agrees to allow you to select randomly 40 of its new mi ...
C = 40+0.5×(Y - T) G=$215 billion, IP=$50 billion and T=$10 billion. Y=C+IP+G What is the equilibrium income level? Suppose that government purchases are reduced by $100 billion. What is the new equilibrium level of inco ...
Leprosy, also called Hansen's disease, is a disease produced by infection with a bacterium called Mycobacterium leprae. It has a long incubation period (time between getting infected and developing the disease), usually ...
During a certain week the mean price of gasoline was $2.719 a gallon. A ronadom sample of 32 stations is drwn. What is the probability that the mean price was between $2.695 and $2.716. Assume o=$0.048.
Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).
The mean distance commuters drove to work each day was estimated to be 40.8 miles from a sample of 45 commuters. The sample standard deviation was 5.8 miles. Assume that the distance commuters drive to work each day are ...
ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment if the parent Disney CO has an opportunity interest rate that is equal to the cost of ca ...
You just signed a 30-year lease agreement for a business property. The monthly rent for the first year is $1,000/month, with the ?rst month's rent due today. Starting from the second year onward, the monthly rent will be ...
Why would the communities in the territories not be listed for government transfer payments? Why do cities and towns get government transfer income?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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