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What is the significance of resource pricing? Explain 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?
Explore in particular Elucidate how the two companies' respond to the macroeconomic conditions in terms of their.
Outline reasons why the marginal revenue product differs between workers in different jobs.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Demonstrate the short-run effect of this tax cut using the IS-LM model also the AD-SRAS-LRAS model. Illustrate what will take place to o/p also the interest rate.
Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.
Using appropriate diagrams and notations, carefully explain the relationship between elasticity, total revenue and marginal revenue. Describe the uses of elasticity of demand.
Why it is generally not reasonable to say that a particular Pareto-efficient allocation is the most desirable allocation that can be reached.
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
You are using a sample size of 15 for your charting purposes. Which of the following is the upper control limit D4 factor for the chart.
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
Compute equilibrium price also quantity. Illustrate what would have occured if price had remained the same
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