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Q. Here, MUB = C and MUC = B. What is his marginal rate of substitution if veggie burgers are on vertical axis and cigarettes are on horizontal axis?
Q. Why do national income accountants compare market value of total outputs in various years rather than actual physical volumes of production? What problem is posed by any comparison over time of market values of various total outputs? How is this problem resolved?
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Will market of demand and supply for labour with no government interference lead to an efficient outcome? Will your program affect it? Why or why not. How well do you think a voluntary contribution scheme [paid for by companies] would work in fun..
Compute the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
Elucidate how do you find the angle of the ray the isoquants are on. One more unit of capital does the firm no good. Draw the isoquants for this production function.
Illustrate what are the real income also interest rate elasticities of real cash balances
Are these preferences consistent with the lw of diminishing marginal utility
Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
What would happen if suppliers charge less than the equilibrium price for your good or service.
We never entertained the possibility that more than one market failure might exist simultaneously.
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