Scenario
Artisan Coffee BV is the exclusive distributor of coffee beans ‘Koppi’ in Belgium. It has had an exclusive distribution agreement with the Dutch supplier of coffee beans and Koppi coffee
Question 3 [20 marks]
An economy can be described by the production function,
𝑌 = 𝐹(𝐾, 𝐿) = 𝐾 𝛼𝐿 1−𝛼
(a) Show that this production function exhibits constant returns t
Question 2 [15 marks]
Mary lives for two periods. In the first period she gets a real wage 𝑌1 of £5,000 and in the second period a real wage 𝑌2 of £6,000. She knows with certainty what her
Question 1 [10 marks]
Consider a two-period economy with a household and government.
The household behaves according to its intertemporal budget constraint, but faces a borrowing constraint that
‘Decolonising’ has become a buzzword in debates about education in recent years. To what extent can a ‘decolonizing’ agenda help address persisting inequalities in education? Please choose
