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Q1. Define consumerism also briefly Converse the three (3) most important economic consequences of consumerism
Q2. If the annual real interest rate on the loans is 6%, Elucidate how many car companies will buy a latest car assembly machine? Interest payments are made once a year.
Q3. The Wilson Corporation produces output according to Q = 4(KL)1/2, where K is the amount of capital utilized also L is the amount of labor employed. If capital costs $2 per unit also labor costs $8 per unit, Wilson's minimized long-run average total cost is:
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
Competition in the market is such that each of the firms independently produces a quantity of output.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
Suppose apples also oranges are substitute. Presume apple growers launch a very successful advertising campaign that convinces consumers apples are a better product.
Examine KANO Analysis of customer requirements also come up with some questions (also answers) concerning it.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
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