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Q. A factory adds a worker and subsequently discovers that the average product of its workers has risen. True or false: The marginal product of the new worker is less than the average product of the plant's workers before the new employee's arrival.
Q. why do land prices tend to fluctuate in a free market and why taxes on land are often regarded as preferable to taxes on other factors. 700 words
Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
Elucidate the cutthroat competitor's reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
Illustrate what do you think are the defining characters of a science. does the study of the economy have these characteristics.
Illustrate what is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the cost from being regulated at the socially optimal level.
What is the equilibrium cost as well as equilibrium supply.
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
Average cost of producing 70 pies in batches of ten is $5.00 per pie and the average cost of producing 80 pies in batches of ten is $4.50 per pie. Elucidate the marginal cost of the 8th batch of pies.
The airline is considering building a new training center on this land.
Find the equilibrium price and quantity after the shift of the demand curve.
CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
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