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a) Explain what is meant by the terms transfer earnings and economic rent of a factor of production.
b) Using well labelled diagrams, illustrate cases when the total factor payments may equal to economic rent, or transfer earnings or shared between the two.
c) i) Briefly explain and illustrate quasi-rent.
ii) Discuss some of the economic implications of a rising trend in the rural-urban migration and offer policy recommendations to reverse it.
Illustrate how is the magnitude of each affected if, instead of a moderate inflation, hyperinflation occurs.
An office has traditionally ordered ink refill 60 units at atime. it is estimated that the carry cost is 40 of the $30 unitcost the annual demand is 240 units and ordering cost is 40 perorderinstead, if it used EOQ how much money can be saved in a ye..
Would an attempt to decrease the budget deficit not increase it. Does today's deficit not create tomorrow's surplus.
Explain how GDP is measured in your country (Nepal). Provide real life examples.
Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position. Cite a minimum of 3 peer-reviewed sources not including your textbook.
A certain equipment cost £9,500,000. It is depreciated by the equal installment method. After 3 years, its book value is £5,600,000.
An oil cartel effectively increases the price of oil by 100 percent leading to an adverse supply shock in both Country A and Country B. Both countries were in long-run equlibrium at the same level of output and prices at the time of the shock.
What happen causing both the demand and supply curves to shift. Find the new equilibrium price and quantity after both shifts
How would a regular LM curve be affected if the private sector demand for money balances increased following heightened uncertainty about prospects for bonds?
Explain how the price elasticity of demand varies as we move from left to right along a linear demand curve. At which part of the curve is demand unit elastic Where is it elastic Where is it inelastic
Elucidate how policy would achieve economic growth, and at the same time engage in poverty reduction.
suppose that a closed economy with no government has the following consumption-income scheduleincome in million
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