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Differentiate between diminishing returns (to an input) and diminishing returns to scale. A 1...

Differentiate between diminishing returns (to an input) and diminishing returns to scale. A 15 per cent increase in all inputs leads to only a 5 per cent increase in the output. Are the returns to scale increasing, constant or diminishin...

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Different theories of convergence Contrast the results on convergence from the diffusion theories with those from the Ramsey model. Is i...

Different theories of convergence Contrast the results on convergence from the diffusion theories with those from the Ramsey model. Is it feasible to distinguish the theories empirically? If so how? ...

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Did the financial crisis mostly have to do with banks? Homebuyers? International economics? What do you think is the most important f...

Did the financial crisis mostly have to do with banks? Homebuyers? International economics? What do you think is the most important factor that explains it? ...

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Did the courts resolve the dilemma posed in Example 19.2 correctly in your opinion? Why or why not? Over the last several decades in...

Did the courts resolve the dilemma posed in Example 19.2 correctly in your opinion? Why or why not? Over the last several decades in product liability law, there has been a movement in the court system from caveat emptor (“buyer beware”) to caveat venditor (“selle...

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Did social inequality play a part in inflating the bubble that led to the 2007 financial crisis? If so, how? ...

Did social inequality play a part in inflating the bubble that led to the 2007 financial crisis? If so, how? ...

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Dick, Jane, and their dog, Spot, share an apartment. Their utilities depend upon the cleanliness of the apartment an...

Dick, Jane, and their dog, Spot, share an apartment. Their utilities depend upon the cleanliness of the apartment and the hours spent doing housework. Dick and Jane are both averse to housework, though Dick finds it especially troublesome. Their ...

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DIAMONDS—INTERESTED IN BUYING ONE? Go to the Internet auction site eBay at www.ebay.com and select the category Jewelry and Watches,...

DIAMONDS—INTERESTED IN BUYING ONE? Go to the Internet auction site eBay at www.ebay.com and select the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural. How many natural diamonds are for sale at the moment? Note the wide array of si...

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Diamond-Water Paradox How does marginal analysis resolve the paradox? ...

Diamond-Water Paradox How does marginal analysis resolve the paradox? ...

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how does marginal analysis resolve the paradox ...

how does marginal analysis resolve the paradox ...

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diagrammatically represent the walrasian equilibrium ...

diagrammatically represent the walrasian equilibrium ...

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