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Q1. The wage rate is £5 and the rental rate (cost) of capital is £2. Calculate the lowest cost method of making 4, 8 and 12 units of output. Explain the two methods of producing each level of output?
Q2. The graph of the demand curve and the supply curve for Belgium cocoa beans. From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans?
In what sense can this be said to be unfavorable to the trade partner. Does this mean that the welfare of the trade partner has definitely declined.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
Calculate GDP loss and government expenditure needed to eliminate this loss if full employment GDP is $400, unemployment rate 8.9%, and the MPC is 0.8.
elucidate what economic factors may influence such behavior
Calculate income elasticity of demand for both X and Y at that point. Calculate an approximate cross cost elasticity of demand for Y when Px changes from 5 to 6.
Hong Kong dollar, and the one-year forward exchange rate is 9 yen per dollar. Determine whether or not there is an arbitrage opportunity and, if possible.
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Elucidate how Coldwell Banker can produce the same output at a lower total cost
Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
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