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Q1. What are the three most important factors driving economic growth? Explain briefly using an appropriate example.
Q2. A worker in 1 hour produce a product, using means of production at $80 and creating new value at $20; productivity of his labor has increased 2 times. Determine the cost of production of 8hrs workday output and a unit of product before and after the increase in labor productivity?
Q3. Explicate the difference between balanced growth strategy and unbalanced growth strategy.
Its demand curve can be written as P = 160 - Q and its short run total cost curve is equal to TC = 1000 + Q^2. What is the rate of output that maximizes ZZZ, Inc.'s short run profits?
Explain how many units of blood wil be used in the US. What is the level of consumer and prduce surplus.
How do the instruments of contraction monetary policy work in principle.
Illustrate what price and quantity of computers should you produce to maximize your firm's profits. Explicidate long adjustment should you anticipate.
Why is each the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy
Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.
What is the present value of Stephany’s endowment? What is the future value of her endowment? With blue ink, show the combinations of consumption this year and consumption next year that she can afford in a graph.
You find out which your aunt works for a defense manufacturing company which has several defense contracts with the government.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
Assume that the marker for tradable emissions permits by power plants has been operating efficiently for several years. An engineering firm then invents a lower cost device for pollution abatement. What happens to the equilibrium market price of a tr..
q.company xyz produces cellular phones brand greenberry at a yearly rate of 500000 units. its total fixed costs are 6
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