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a. Suppose that, the economy initially at full-employment, the cantral bank increases the money supply. b. How are output and unemployment connected?
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Assume, no calls are currently on hold. If agent takes 5 minutes to complete current call, how many callers do you expect to be waiting by that time. Illustrate what is probability that none will be waiting.
Calculate the price and quantity associated with the perfectly competitive outcome.
Similarities in the definitions of management quoted from authors of management textbooks
Describe what is meant by a dominant strategy. Given payoff matrix above, does each firm have a dominant strategy. Under what circumstances would re be no dominant strategy for one or both firms.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Elucidate how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.
The City library in Amritsar has several private study rooms which are freely available to clients.
What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
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