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Q1. "Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm's scarce resources" Explain the statement with suitable example.
Q2. What determines the capital-labor ratio for each good in each country? Why might both industries use a higher capital-labor ratio in one country than in another? Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries? Explain.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
Make sure to make available examples of real world to strengthen your position of wherever this might be case
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Fully explain your answer in a way that shows your understanding of monopolies. Your paper should be two to three double-spaced pages and formatted according to APA style as outlined in the Ashford Writing Center.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
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