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Assuming that the firm hires 10 units of capital and 20 units of labour, use the production function given in part a to compute the average and marginal products of labour.
Is the company charging the optimal price for the product. Demonstrate how you know.
Calculate the change in producer surplus due to the price ceiling - Calculate the change in consumer surplus due to the price ceiling.
It is mandetary that a rational customer will not purchase any units of the product represented by these data.
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Most households supplements their food budget by cultivating small vegetable gardens.explain how each of the following migth influence this kind.
Define inflation, discuss its causes, distinguish between anticipated and unanticipated inflation, and discuss the harmful effects of both on economic activity.
Some people claim the “economic way of thinking” does not apply to issues such as health care. Explain how economics does apply to this issue by developing a “model” of an individual’s choice
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.
Branding Iron Products a specialty steel fabricator operates a plant in the town of West Star, Texas. The Town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount ..
The maintenance price rose by 6% per year instead of the fixed amount what is the present value of the maintenance costs.
The tennis star had to forfeit the match due to unsportsmanlike conduct.
Elucidate how the circular flow diagram also explain the interaction of households, government, and business.
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