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Q1. Jae's building a corporation which follows short-run cost function:
q3 - 10q2 + 36q.
a. Illustrate what is the level of output will minimize the average cost? What is the AC at this point?
b. Does the production process indicate diminishing returns? How can you tell?
Q2. Explain the three types of unemployment. Illustrate types of government programs would be most effective in combating each type of unemployment?
Q3. Why is important that welfare programs are "means tested?"
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
How could ABC use currency futures to hedge its position and what is the risk of hedging with currency futures.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
how much are households paid for providing entrepreneurial ability.
Depreciation taken in the third year if the machine is also sold during the third year.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
If the company has not paid dividends, discuss why think the company is not paying dividends or whether they should consider adopting a dividend policy.
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
Explain the argument that lower corporate tax rates can increase tax income in Kenya. Reflect on the Laffer curve in your explanation.
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
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