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Q. 1. Suppose that Ken spends 4 hours playing golf, paying green fees of $50, rather than working at his job that pays $10 hour. What is economic cost of his decision to play golf? a) $90 b) $60 c) $50 d) $40 e) nothing, since he enjoys golf much more than working anyway.
2. Which of graphs below shows Y increasing at a decreasing rate? Which of following issues is related to microeconomics rather than macroeconomics?
Demonstrate the short-run effect of this tax cut using the IS-LM model also the AD-SRAS-LRAS model. Illustrate what will take place to o/p also the interest rate.
Compute the price elasticity also advertising elasticity. Interpret each one. Illustrate what is the predicted range of Demand for Sun workstations with 95 percent (%) confidence level.
A industry is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do.
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Suppose production price is 20. The firm views that price as beyond its control.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
What are some of the other key roles in the Planning Process.
What services do you predict Bangalore India exports and what services do you predict it imports.
Explain how do you expect the supply and demand of your selected good to change in the next year. Relate you expectations to the price and quantity of the good in the marketplace.
Explain how they will help to improve the GDP as a tool for measuring the well-being of a nation.
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
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