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Q. Assume a country produces 2 goods: corn also cars. New technology is developed that increases the amount of corn that can be produced. Utilize a graph to Elucidate how the effect of this graph on the country's production possibility frontier. Explain Illustrate what occurs in the graph.
Q. Bill currently utilizes his entire budget to purchase 5 cans of Pepsi also 3 hamburgers every week. The price of Pepsi is $1 every can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4 also his marginal utility from hamburgers is 6. Bill could increase his utility by:
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month.
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
A brewery is considering two potential production investments.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
Illustrate what are the Joseph's demands for roses also tulips as a function of prices also income.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
The owners decide to begin spending immediately a rather large sum on advertising designed to decrease elasticity.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
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