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Q1. Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy? What would be monetary policy prescription to reduce or eliminate each? How would deflation affect your business or a business you are familiar with?
Q2. A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. (a) At what weekly output is marginal cost equal to average variable cost? (b) What is the minimum product price at which the firm will operate in the short-run? (c) How many workers should the firm employ to maximize profits? (d) Calculate the firm's point elasticity of demand for labor at the equilibrium in (c) above
Assume that marginal utility of good A is 4 times the marginal utility of good b. The firm can compute all points on its total cost curve if it knows.
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.
That term would be most closely associated with the latest also better goods also services also latest also better ways of producing
We would expect the coefficient of cross elasticity of demand for DVD players also DVDs to be positive.
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Elucidate he is considering hiring students on a part-time basis for $40/hour, do you think he should do so.
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
Illustrate what has happened to the value of the dollar. Illustrate what are the comapny's hourly labor costs in dollars at both exchange.
A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..
Find the equilibrium price and quantity after the shift of the demand curve.
Illustrate what metrics would you propose to help in making the determination. Elucidate what historical data might be useful.
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