Suppose one country has a gdp that is one- eighth the gdp of its richer neighbor. but the poorer country grows at 10 percent per year, while the richer country grows at 2 percent per year. in 35 years, the country will have a higher gdp.

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?

Which of the following scenarios will probably cause prices to drop