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Q1. What do you mean by an institution? Explain how do institutions influence economic life? Also explain how does institutional change influence economic activity?
Q2. Consider a production function for an economy: Y=20(L.5 k..4N.1) where L is labor, K is capital, and N island. In economy the reason of production are in fixed supply worth L= 100, K=100, and N =100.(a) Illustrate in this country what is the level of output?(b) Demonstrate by example about production which exhibits constant returns to scale?
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
Elucidate why your answer to part (a) is an example of marginal analysis also optimizing behavior in general.
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
At the prompting of the United States, Japan relaxed the restrictions and allowed the companies to invest anywhere in the world. Illustrate what effect do you think this had on the yen/dollar exchange rate and the trade balance between the two cou..
Resizing them as necessary, to illustrate your analysis. In each case, Illustrate what are the short-run and long-run effects on the aggregate price level and aggregate output.
Discuss the necessary conditions to make price discrimination work and the best practices to use price discrimination to maximize profits while avoiding price wars.
Assume that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output
abc company owns a crane with an original cost of 500,000$,with an estimate salvage value of 200000.its life is estimated to be 15years.using straight line method, Compute book value at the beginning of year 9.
Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.
You have a credit-card debt of $16,986 and the interest rate you are paying is 14%. You have been making the minimum monthly payment (assume that the minimum monthly payment is 1.8% of the remaining balance) and you are not continuing to make cha..
Draw the MC cure for Guns in terms of the production of butter. If the economy produces 3000 guns per day, how much butter can it produce per day.
q.1 what are the definitions of the following cost concepts fixed costs variable costs and total cost?2. give the
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