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Describe how the Economics principles of opportunity cost, factors of production, scarcity, and production possibilities interact to determine to what extent a nation’s Gross National Product grows within a particular year.
When Mahdi's youngest sister was born his parents started saving $1000 per year and continue until she beomes 10 years old (total 10 years). Then they stop and keep the money on the account for the next 25 years. The interest rate in both cases is 6%..
q.male and female turtles may experience different serum cholesterol concentrations in their blood. provide an
According to David Waring, when measuring capital flows into and out of a country those capital flows include only
Suppose that the firm has determined its profits-maximizing level of inputs in the short-run. Now the price of a fixed input goes up. How will this change the behaviour of the firm? What will happen to profits? Why?
U(X,Y)=X.6Y .4 , MUX=.6X -.4Y .4 MUY=.4X .6Y -.6 PX=3 PY=4 I=60 (a) Calculate the MRSX,Y. (b) Write the budget constraint. (c) What is the consumption bundle to maximize the utility level? What is the maximum utility level?
A given increase in aggregate demand has a larger effect on national income the less steeply do unit costs rise with increases in production. is this statement true or false .why ?
q.suppose a firms production function is q2kl2-l3and its quantity of capital is fixed at k6 in the short-run.a. find
In July of 2012, Taylor purchased 1,700 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013 for $37 per share. The remaining 700 shares were finally sold for $75.71 per share in July 2014.
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
If producing a good generates pollution (a negative externality), from a social perspective ...
Using a market or industry as an example, explain how the Prisoners' Dilemma game helps explain observed (real-world) behavior among oligopolistic firms.
Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
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