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Q1. Discuss the problems of measuring productivity in actual work situations. How might productivity be measured for each of the following industries? Education (e.g. elementary and secondary education, higher education- undergraduate and graduate), government (e.g. social security office and the internal revenue service) and finance (banks, insurance companies and brokerage houses)?
Q2. In what ways and to what extent did coffee production contributed to the growth and development of the Brazilian economy before 1930?
What is the average fixed cost of producing 4 units of output and What is the marginal cost of producing the third unit of output.
Explain how the circular flow diagram relates to the current economic situation.
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
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