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In the short run, a firm cannot vary its capital, K=2, but can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is. A) q=10L + K and B) q= L^0.5 K^0.5
Illustrate what does the area EBCD represent. Provide a full explanation of the concept that is shown in that area.
Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.
Discuss the long range effects of a stimulus plan as it affects the banking sector.
Illustrate what do you think are the defining characters of a science. does the study of the economy have these characteristics.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
Explain how does the income approach to measuring GDP differ from the expenditure approach. Explain the meaning of value added and its importance in the income approach.
What is the biggest disadvantage of using shells as money.
Explain basic idea behind Big Push model. How can O-ring theory help explain existence of a low-level equilibrium that an economy may find itself.
Consider a world in which there is no currency also depository institutions matter only transactions deposits also desire to hold no excess reserves.
iv. Find the utility maximizing combination of income and leisure. How many hours will this person work? Imagine the wage rate increases to $8 per hour. Will this person work more hours?
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
Within two weeks sales had fallen. Utilizing your knowledge of game theory, Illustrate what do you think disrupted McDonald's plans.
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