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How to graphically find an optimal solution once you have graphed an objective function, and all of the constraints?
1. What is efficiency? Is it the only goal of economic policymakers?
Suppose an international development bank is deciding whether to use the head-count index or the poverty gap to measure the effects of a countrys poverty
XYZ Company is aware that macroeconomics plays a general role in its organization’s success. Top-level management has asked you to conduct research, and then write a report on specifically what role it should play in its overall success. Management h..
Phillip Haynes is the controller of a company that has the sole authority to manufacture your product. The inverse market demand curve is P=900-1.5Q. Your total cost equation is C(Q)=2Q+Q2. What is the output you should produce, the price you should ..
The market for a pack of 12 golf balls has been described by the following supply and demand functions: Depict this on your demand and supply diagram. (Hint: the new tax inclusive demand function will be: P = 91 – 5Q) What is the new market equilibri..
Some economists believe that the world market for some raw materials (like cotton) comes close to a perfectly competitive market. With reference to the world market for cotton, briefly explain THERE reasons why the world market for cotton comes close..
Clearly evalute at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Draw a graph showing how an increase in aggregate demand could produce a higher output with no change in the average price level. Draw a graph showing how a decrease in aggregate demand could produce a lower average preice level and lower national in..
Which of the following is likely to occur when copyright laws are enforced?
q1. assume that the total cost of producing pizzas for the typical firm in a home town is given by cq 2q 2q2. thus
In order to maximize net benefits, the managerial control variable should be used up to the point where:
The utility function of a worker is represented by U(C,L) = C×L. Suppose this person currently has 100 hours of leisure and $1200 in consumption in a given time period. What must the worker’s hourly wage rate be if she is maximizing her utility?
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