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Q. Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker-hours are 120 and 130 and units of output are 216 and 260, respectively. Using year 2 as the base year, calculate (a) the productivity index for all three years and (b) the rates of productivity growth.
Q. Explain how do the life-cycle hypothesis also the permanent income hypothesis resolve the seemingly inconsistent pieces of evidence regarding consumption behaviour?
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
Illustrate what should be the construction level if fixed costs rose to $48,000 per month?
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
whenever the same efforts must be made to uncork also pour both bottles.
What is the social optimum? What specific tax per unit of output of gunk results in the social optimum.
Explain how specifically can GDP be adjusted to better measure well-being.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
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