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Question 1. Explain the Production Possibilities Frontier with the help of a table & graph?
Question 2. Explain the Law of Demand with the help of a table & graph. Discuss in brief the factors which influence the demand for a commodity.
Question 3. Discuss the Law of Marginal Utility Theory with the help of a table & graph.
Question 4. What is a budget line? How the changes in income or price affect the budget line?
Question 5. Define perfect competition. Explain graphically how is price & output determined under it both in short & long-run.
Question 6. Define Monopolistic competition. Explain graphically how is price & output determined under it both in short & long-run.
Suppose that Colombia can produce 1,000 pounds of coffee in one day or produce 200 pounds of bananas in one day. In addition, suppose that Ecuador can produce 300 pounds of coffee in one day or produce 100 pounds of bananas in one day.
Mitchell Electronics produces a home video game that has become very popular with children. Mitchell's managers have reason to believe that Wright Televideo Company is considering entering the market with a competing product.
Assume there are 400 families in a community. Each of these families spends exactly $100 plus one-half of its total income each week on consumption. Half of the 400 families are considered poor-they each receive incomes of $200/week. The other hal..
Felix Jones, a recent engineering graduate, expects a starting salary of $35,000 per year. His future employer has averaged 5% per year in salary increases.
According to the Environmental Protection Agency, "rigid containers have definite retained shape and form and that are self-supporting" (EPA, n.d.) Some of the differences between rigid and non-rigid containers, according to this week's reading, "Rid..
If the MPPL / MPPK in the production of a good is less than w/r, why is the producer not in producer equilibrium? Explain how, with no change in budget size.
Which is regarded as the total value of all goods and services generated inside a jurisdiction in a year, are used to quantify economic growth.
Consider a tropical, developing nation which earns most of its national income from the world-wide sale of one agricultural crop.
You decide to open a restaurant in your neighborhood serving Italian fusion food. What market is this restaurant most like to me in - oligopoly or monopolistic.
Explain how the lesson would assist an analyst in organizing an evaluation this policy. You need not tell me if the policy makes sense or not.
Income tax payments - primary objective of a for-profit firm - reduce Agency Problems, executive compensation - primary differences between the standard deviation and the coefficient of variation as measures of risk
given an mpc of .8 if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in
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