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Q. Industry-land was so named because it is highly industrialized. It is a world leader in production of manufactured goods. If industry-land put all its productive efforts into manufactured goods, it could produce 1,000 units per year. To meet needs of its own citizens at their current level of consumption, industry-land needs 200 units each of raw materials, agriculture products and manufactured goods. Total opportunity cost of 200 units of agriculture products and 200 units of raw materials is 80% of manufactured goods, or 800 units. Draw a production possibility curve?
Elucidate how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curve slope downward.
Illustrate what guesses survive iterated elimination of dominated strategies
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Assume that the benefits and costs of infrastructure improvements are for one time only - i.e., ignore all long run implications. What are benefits and costs of infrastructure improvements.
Elucidate the dividend yield for each of these four stock. What is the expected capital gains yield. Discuss the relationship among the various return that you find for each of these stocks.
Illustrate what are the concepts gender planning, gender budgeting and gender mainstreaming mean.
The government is allowing for emergency procedures to aid suffering chocolate addicts.
Illustrate a form of financial instruments through which corporations and governments borrow money from financial investors and promise to repay with interest.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
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