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Q1. Explain how did the early classical economists view the relation between productions also consumption?
Q2. The Environmental Controls Corporation (ECC) is a multinational manufacturer of materials handling, accessory also control equipment. During the past year, ECC has had the subsequent cost experience after introducing a new fluid control device:
Q3. If we think of the economy as a production process, illustrate what are the five inputs or factors which Conclude aggregate output? Which results in intensive growth also which in extensive growth? Which one is maintainable also why?
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Rusal believed the price of aluminum would fall because of the growing accumulation of inventories worldwide.
Which of the following terms express a person who risks his or her financial resources by investing it in the hope of making a profit.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
Suppose the city eliminates its restrictions on books stores, allowing additional stores to enter the marketplace.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Describe what a manufacturer of each product might do in the short run to increase production.
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
During a war the government puts pressure on producers for heavy equipment, supplies, and services, making each more important.
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