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Q. Suppose a firm's average cost is R30 at 5 units of output and R32 at 6 units of output. The marginal cost of producing the sixth unit is R42. Is it true or false?
Q. Linus has utility function u(x,y) = x + 2y. If the price of x is $1 and the price y is .50 cents then Linus must consume equal amounts of both goods in order to maximize his utility. True or False, justify your answer
Why does Caterpillar as well as your parents have different opinions about the value of the dollar.
Suppose that the cost of a unit of capital is r and the price of a unit of labor is w and the level of output is y. Write down the long-run total cost as a function of w, r, and y.
Illustrate what is the maximum amount he or she would pay for insurance against a 50 percent chance of losing 3,600.
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
How to get o/p of SEQ SS in SPSS. When we want to know sequential value which accumulate R square.
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
Explain how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components.
What is the equilibrium cost as well as equilibrium supply.
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
If the nominal money supply is rs.200 and the price level is 1, (i) is the economy operating with inflationary or deflationary condition. (ii) Illustrate at what price level will there be simultaneous equilibrium in all markets.
Elucidate proponets of free market systems argue that free enterprise leads to more efficient production and better responses to changing consumers preferences.
By signing a trade agreement illustrate what does this imply as regards international trade theory of the Ricordian model.
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