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Q. Please explain impact on economy of Government spending on Health care on interest rates, investments, employment and income in economy. Please follow sequence in question. Explain how interrelationships.
Q. Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of 50th worker is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost?
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.
Suppose the price of a can of Diet Pepsi is $1. Find out Sally's optimal consumption of Diet Coke as a function of the unit price of Diet Coke (PC).
Why anyone would pay a positive price for a CBOT or NYSE seat and what this price represents. Second, explain why the seat values have changed so much in recent months.
As the Euro appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in Europe. Elucidate what happens to the price of European goods in the U.S.
On your graph, label production and consumption of cars and sugar in Home. H. Is trade beneficial to Home and Foreign.
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units.
Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.
Why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
Explain how to encourage people to spend more to increase aggregate demand and create employment possibilities.
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