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Q. Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker-hours are 120 and 130 and units of output are 216 and 260, respectively. Using year 2 as the base year, calculate (a) the productivity index for all three years and (b) the rates of productivity growth.
Q. Explain how do the life-cycle hypothesis also the permanent income hypothesis resolve the seemingly inconsistent pieces of evidence regarding consumption behaviour?
The law of demand states that other things equal
Explain the concepts of scarcity also choice also elucidate how they function in economic system.
If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.
GDP is significantly lower in your country than in the United States, Illustrate what might this imply.
You arranged the subsequent information to use in evaluating the financial feasibility of starting your own agency.
Utilize this concept to construct an example in which a risk-averse individual prefers a gamble to a certain amount of money.
What other variables should be considered when determining what is reasonable in terms of maintenance expense
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
determine which of the risks involved holds the most risk to the subcontractor.
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
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