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The production function for Our Production is Q = 50L - 0.1L2; where Q is output and Lman-hours.
a) What level of man-hours will maximize total output?
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation
When should this item be reordered. What could be the risk of stockout would result from a decision not to have any safety stock.
Elucidate how much does the total amount of deposits in the banking system increase. By elucidate how much does the money supply increase.
Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.
Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.
Assume to latest discoveries in biochemistry significantly lengthen our life expectancy. Illustrate what is the impact on the educational attainment of workers
Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.
Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Using the net benefit ratio method of Deaton, please tell us whether a 10% increase in output price will increase or decrease the economic welfare of each of the following three agricultural households, by how much, and why (be sure to show your w..
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
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