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Q1. Converse ‘deficit spending paves the road to ruin. If we keep it up the whole country will go bankrupt. Even if things do not go this far Illustrate what right have we to burden our children also grandchildren with these debts while we live high on the hog?' (Converse the size of recent deficits also accumulated national debt, elucidate how much of the national debt is held by foreigners?
Q2. Would you advocate monetary restraint or stimulus for today's economy?
Assume the current market price of candles is such that there is a surplus.
Determine the minimum average cost of the firm with these different order sizes.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
Why does the assumption of independence of risks matter in the examples of insurance. Illustrate what would happen to premiums if the probabilities of house.
To determine which of the output levels represents a macroeconomic equilibrium.
Propose how it can conclude the efficient levels of information in an organization to justify taking risk over uncertainty.
ALL colleges of business today also was 1st proposed as a factor of production by a classical economist less than 40 years after Adam Smith.
Determine also show how much these firms will sell and what they will charge.
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
Find the equilibrium price and quantity after the shift of the demand curve.
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