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Are the dual goals of economic development and the reduction of population pressure on the envrionment compatible or conflicting objectives? Please be consistent with your arguments, preferably citing country examples.
Assume the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, elucidate which technology is cheapest.
Elucidate the fact that the cross-price elasticity of natural gas with respect to the price of fuel oil.
When the work was complete, Chuckrow paid Gough the original contract price but refutilized to pay him for the additional cost of reerecting the trusses.
Which of the following are flows. If a flow, which of the five major kind(s) of capital does it increase or decrease.
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
Elucidate why is private property also protection of property rights, so critical to the success of the marketplace system.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Illustrate what price and quantity will prevail if the monopolist is not regulated. What price-output combination would exist with efficient pricing.
Elucidate what is the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
Algebraically describe the market equilibrium price/output combination. Find out the price below which the firm will go out of business.
Elucidate what would the seller's cost of capital have to be in order for the discount to be cost-justified.
Jason likes to buy guitars and trumpets. His marginal utility of guitars is given by MUG = (7T0.3)/(10G0.3) and his marginal utility for trumpets is given by MUT = (3G0.7)/(10T0.7), where G is the number of guitars Jason buys and T is the number of t..
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