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Q1. A firm hires 2 workers also rents 15 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale?
Q2. Given the cash flow diagram A1=$200,000; A2=$300,000;A3=400,000;A4=%500,000 and A5=$100,000. Find the future value at period 5 assuming periodic interest rate 13%.
Can this model explain the fact that unilateral divorce law increased the divorce rate temporarily.
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve
If the nominal interest rate in Japan remains unchanged, what happens to the interest rate paid on Korean deposits.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Utilizing the standard IS/LM model, elucidate how the scope of monetary policy to change real economic activity in the short run depends on the private sector reaction to interest rate changes.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
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