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Look at a recent copy of a newspaper.
a. What is the top economic news story? With which of the big questions does it deal? (It must deal with at least one of them and might deal with more than one.)
b. What tradeoffs do the news items discuss or imply?
c. Write a brief summary of the news item using the economic vocabulary that you have learned in this chapter and as many as possible of the key terms listed on p. 15 of the text.
A firm 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?
Q. Explain Labour Intensity? Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflect
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
What will be the effects of americas dependency on china?
suppose a firm''s total revenue depends on the amount produced (q) according to the function R= 70q-q2 total cost dependson q: C=q2+30q-q2
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
"Cross-Correlations of output(t) with" "x(t-1)" [3,] "output" "0.3" [4,] "consumption" "0.1
how microeconomic issues maybe represented using production posibility curve
Solve equation P=200-Qs and Qs=4.5p +5
how to calculate tc,tvc,tfc,afc and mr
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