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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Can you provide an example from your workplace?
The market of laptops is given then take the range of values for the price from $1 to $30 and calculate corresponding demand and supply quantities.
If the government uses its knowledge of its monopolistic position, Illustrate what criteria will it employ when determining how many soldiers to recruit. What happens if a mandatory draft is implemented.
a. If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six? packs of beer? b. Write out a utility function to represent these preferences.
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
The Nigerian currency on Thursday morning appreciated further against the dollar as bureau de change (BDC) operators run into further hiding what is the major contributor of this appreciation of the naira?
What are two concepts from our readings this What are two concepts from Paul and Elder other than egocentrism that you can apply to the situation you described?
One Chicago has just a new single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year.
There are 300 purely competetive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested
a. Explain why the villain is wrong, and why we should not be concerned about ecological collapse caused by a world-wide population of 9 billion. b. Describe at least 2 legitimate environmental concerns for the planet and developing nations in part..
A perfectly competitive market company realizes an average of $11 and an average total cost of $10.00. Marginal cost curve crosses marginal revenue curve at an output level of 100 units.
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
How is classical economics like Monetarism?
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