Wa tch o ut f or th is us er na me

ju st ke ep
sc ro ll in g

he re it is if se en re po rt to st op th ei r in san ity.
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Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery