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Due to unusually good weather conditions, the farmer's agricultural production increases for two periods. After the second period, her production falls back to the initial level. How does this affect her consumption, saving and work effort decisions? Illustrate what is her MPC (Marginal Propensity to Consume) in this case?
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.
How does the standard product of labor change when the industry utilizes 81 units of labor.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
There has been much political discussion about redistributing income. These ideas are not new. Name and elucidate the three political philosophies of redistributing income. Do you believe any of them have merit.
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
Illustrate what is james price of producing potatoes what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate the smallest integer price that would make a rm willing to produce a positive amount.
Illustrate what do you think would occur when there is little or no competition is a marketplace
A monopolist faces a demand curve given by P=105-3Q P is price, Q is quantity demanded. Marginal cost of production is $15.00. No fixed costs. Explaim how much output in order to maximize profit.
How vegetarians sometimes have trouble making sure they get enough protein in their diets.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
If the company were to build the bridge, illustrate what would be its profit-maximizing price. Would that be the efficient level of output.
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