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Q1. In the country of Lusitania there are two regions, A also B. Two goods (X also Y) are produced in both regions. Production functions for region A are given by
Q2. Studies Explain how among which of the delivery curve bananas have shifted. All of the subsequent could be possible explanations for the shift except one. Which is the exemption?
Q3. Claire also Dag are farmers who produce beef also corn. In a year, Claire can produce 16 tons of beef or 40 bushels of corn, while Dag can produce 5 tons of beef or 25 bushels of corn. The opportunity cost of producing a ton of beef is.
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
Think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation
If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them also staff them with employees.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
Explain the Miami plant which is closed or continue to operate at a loss in short run.
How is this shifting of AD curve going to affect the price level and output level of the economy.
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
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