Plz answer the both questions will you get upvote Question 17If the production function of ideas in the economy isas folos%3Dthen the function exhibitsO Decreasing returns to the stock aof knowledge but increasing returs overalO Increasing returns to the stock of knowledge but decreasing retums overalO Decreasing returns to scale (in all inputs)O Constant returns to scale (in all inputs)Question 16Consider two economies that follow the Romer model developed and presented in classes. The bwoeconomies are neighboring countries that are otherwise identical, but country A has three times thelabor force as country B. According to the Romer model, what is the gowth rate of output percapita of country A relative to country B?O Growth rate of country A ls three times the growth rate of country BO Growth rate of country A is one third the gyowth rate of country BO Growth rate of country A is the same as growth rate of country BO We don't have enough information to answer the question

17. If we double both inputs the output is more than doubled, but if we double only the stock of…

Question 17 If the production function of ideas in the economy is as follows %3D then the function exhibits O Decreasing returns to the stock of knowledge but increasing returns overal O hcreasing returns to the stock of knowledge but decreasing retums overal O Decreasing returns to scale (inal nputs) O Constant returns to scale (in all inputs) Question 16 Consider two economies that follow the Romer model developed aznd presented in classes. The two economies are neighboring countries that are otherwise identical, but country A has three times the labor force as country B. According to the Romer model, what is the gowth rate of output per capita of country A relative to country B? O Growth rate of country A is three times the growth rate of country B O Growth rate of country A is one third the gowth rate of country B O Growth rate of country A is the same as growth rate of country B O We don't have enough information to answer the question

Question 17 If the production function of ideas in the economy is as follows %3D then the function exhibits O Decreasing returns to the stock of knowledge but increasing returns overal O hcreasing returns to the stock of knowledge but decreasing retums overal O Decreasing returns to scale (inal nputs) O Constant returns to scale (in all inputs) Question 16 Consider two economies that follow the Romer model developed aznd presented in classes. The two economies are neighboring countries that are otherwise identical, but country A has three times the labor force as country B. According to the Romer model, what is the gowth rate of output per capita of country A relative to country B? O Growth rate of country A is three times the growth rate of country B O Growth rate of country A is one third the gowth rate of country B O Growth rate of country A is the same as growth rate of country B O We don't have enough information to answer the question

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 24CTQ: Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for...

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Alexi and Tony own a food truck that serves only twoitems, street tacos and Cuban sandwiches. As shownin the table, Alexi can make 80 street tacos per hourbut only 20 Cuban sandwiches. Tony is a bit faster andcan make 100 street tacos or 30 Cuban sandwiches inan hour. Alexi and Tony can sell all the street tacos andCuban sandwiches that they are able to produce.Output Per HourStreet Tacos Cuban SandwichesAlexi 80 20Tony 100 30a. For Alexi and for Tony, what is the opportunity cost of a street taco? Who has a comparative advantage in the pro-duction of street tacos? Explain your answer. b. Who has a comparative advantage in the production ofCuban sandwiches? Explain your answer. Assume that Alexi works 20 hours per week in thebusiness. Assuming Alexi is in business on his own, graphthe possible combinations of street tacos and Cubansandwiches that he could produce in a week. Do the samefor Tony.d. If Alexi devoted half of his time (10 out of 20 hours) tomaking street tacos and half of…
France and Poland each have one worker whosemonthly linear Production PossibilityFrontier indicatesthe following production possibilities: PolandFranceComputers (C) 246Grain (G) 43 a) Franceâ€™sopportunity cost of G in terms of units of C equals ______ ? b) Polandâ€™sopportunity cost of G in terms of units of C equals ______ ?For the followingparts, please complete the questions by filling in the blank, and responding toremainderof the question: c) Polandâ€™scomparative advantage is in ______ because: d) If France and Poland decide to trade, _________ will be theexporter of G while ______ will bethe importer because: e) If the economies choose to trade, the world relative priceof goods must be ________ in orderfor trade to be mutually beneficial, because: 4.In the following problem, assume that the UK currency is the pound sterling (PST)and thecurrency in the restof the Europe is the euro (EUR). Suppose that thePST appreciates relative to the EUR. For the following parts, you will…
Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 40
The table below represents the combinations of beet and corn produced on å tract of lahd o given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following combination represents unattainable production levels with the current tract of land? Select one: O a. 8000 bushels of corn and 500 kg of beef O b. 6000 bushels of corn and 1300 kg of beef O c. Both 8000 bushels of corn and 1200 kg of beef and 6000 bushels of corn and 1300 kg of beef d. 200 bushels of corn and 1475 kg of beef e. 8000 bushels of corn and 1200 kg of beef
O ECON1003 Undergraduate x b My Questions | bartleby 9 maths course guide.pdf O How to screen shot on my X i 2021.tle.courses.open.uwi.edu/pluginfile.php/2265/mod_resource/content/13/ECON1003%20Undergraduate%20Programmes-%... ECON1003 Undergraduate Programmes- 2021-2.. 25 / 36 100% + | Problem Set: B (1) Solve the following: (i) 2*/2-16 32 (ii) log, (x- 2)+log,(x) =1 (b) The demand curve for a swivel chair is given by p=4000(3-ª) dollars per swivel chair, where p is the price and q is the quantity, in thousands of swivel chair, demanded at that price. What quantity will be demanded if the price per swivel chair is $256.60? (2) Find the slope-intercept form for the line perpendicular to 2x– 3y=-6 and passing through (4,–9) (3) A mobile phone provider charges $3.75 plus $0.15 per minute for overseas calls. (a) Write a linear model which shows the cost C, in dollars, for a client talking x minutes. (b) How much would it cost the client for an overseas call with a duration of 55 minutes?…
Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.
What is the difference between microeconomics and macroeconomics?
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
Give the three reasons that explain why the division of labor increases an economys level of production.
why is the market for recycled aluminium good and the market for plastic bad in the US? Depict this with a firm input choice model. I understand that recycled plastic decreases in qualiy everytime it is recycled while aluminium does not and can be recylced without the decrease in quality, but I dont know how to depict this graphically
.5 The doctrine of comparative advantoge was first put forth by aved put of Select one: O a John Maynard Keynes b. David Ricardo O C. Adam Smith O d Ricky Ricardo Clear my choice