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1. What is the meaning of an indifference curve being tangent to a budget line c?
2.What is profit maximazation formula for a firm in pure competition and why does it conform to marginal productivity theory of resource allocation?
3. Illustrate what is the ability to pay principle in public Fiance also what are some of the problems implementing it?
4. Why are normative issues a problem that hasno scientific agreed upon answer in answering questions about the kind of tax a society should impose to collect revenue? what will adam smithsay about the issue?
Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.
Elucidate his production potential. In one person economy could this also be his budget line.
Refer to the Real Estate data, which reports information of homes sold in the Goodyear, Arizona, area during the last year. Prepare a report on the selling prices of the homes.
Illustrate what is true about the prices they are able to charge and their revenue if they try to practice second degree price discrimination as the Bills did.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Illustrate what is unusual about this market. Give an example of a good or service to might be characterized by this unusual market attribute.
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
Identify at least three such factors that, in your view, should be included in the GDP calculations; then elucidate and illustrate how could they will help to improve the GDP as a tool for measuring the well-being of a nation.
If quantity is 20 also if producers receive the seller's price for to output illustrate what is the amount of Producer Surplus.
Illustrate what is the maximum amount by which funds provide can be increased as a result of bank A's new loan
The people of Aquilonia deposited half of their currency into the banking system. If banks do not hold excess reserves
Illustrate what are the values for Qi and Di on the effective date of the study. If the economic limit is 20 BOPD, estimate the ERR.
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