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Q. Marginal propensity to consume (b) of 0.6 and a marginal propensity to import (m) of 0.2. Government increases its spending by $2 billion and raises taxes by $1billion. Illustrate what happens to equilibrium income?
Q. size of labour force in a community is 1,000 and 850 of se folks are gainfully employed. In this community, 50 people over age of 16 do not have a job and are not looking for work. In addition, 80 people in community are under age of 16. Unemployment rate is:
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
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.
Elucidate how consumers in an economy can be better ff if the marginal rate of transformation does not equal consumer's marginal rate of consumption.
Discuss an industry that would meet the conditions of a perfectly competitive industry and how the individual firms would respond to an increase in the market demand for the product.
Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the resource. Explain how many units of the resource will a profit-maximizing firm hire.
Develop a plan to propose taxes for your town, create a report in that what are the main factors that you will consider while selecting taxes to be imposed on Small Business Owners, Property Owners, and Individuals.
What are the percentage rise in the price of food also in the price of clothing. What is the percentage rise in the CPI.
You have been hired to manage a small manufacturing facility whose cost and production data.
Canadian GDP whether measured by the value added approach, the expenditure approach, or the income approach.
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
Elucidate the underlying experiment of interest when we want to examine the effects of cigarette smoking on workdays lost.
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