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Q. Analayze the following two statements. Are they both true? Are they inconsistent with each other? Explain.
(1) "Firms will hire a resource only if they can make money by doing so."
(2) "In a market economy, each resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Compute the regular expenditure multiplier also the net tax multiplier if the level of consumption increases from $80,000 to $92,000 as a result of change in income from $120,000 to $140,000.
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
Do you see our communities growing closer together or further apart. One page double spaced.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
Explain how much would the combined production of pineapples increase for the two islands due to trade. How much would the combined production of pearls increase.
Such retailers can sell as many copies of Vista they such as at the prevailing marketplace price of $200.
How much output is lost as a result of deaths from secondhand smoke, according to the news.
Notice it is assumed that Brian will spend at least 4 hours per week studying each of the 3 courses.
Suppose that the nominal rate of interest is holding steady at 8 percent even as the anticipated rate of inflation rises.
Utilize the sticky-income theory of cumulative provide to explain illustrate what will take place to o/p also the price level play in this adjustment
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