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Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation.
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
Illustrate would the gross receipts of strawberry growers be if the crop turned out to be 30,000 cases.
Which of the government policies below is not likely to encourage per capita economic growth.
In an effort to reduce their total costs many companies are now replacing paychecks with payroll cards
Examine the following list of goods and services. Which goods and services should be included in Fredonia GDP in 2009, which should be excluded, and why.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
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