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Q. Illustrate how increase in human capital affects production function. Blue line (circle symbols) in graph below shows production function. Utilizing orange points (square symbol), plot new production function for each possible combination of labour hours shown in table. Line segments will connect points. Be sure to plot all six points.
What is the Law of Diminishing Returns. Discuss a company's two short run options: 1. stay open or 2. shut down.
Elucidate what will be the price of your jersey in Los Angeles and what will be the price in Brooklyn. What will be your total profits.
Elucidate how is the tax burden split between buyer also seller.
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
Suppose also that ham and cheese are the only goods that this person buys and that bread is free.
Name some of the ways firms attempt to control their costs. Explain Name some of the ways firms attempt to control their costs. Explain how does your firm control costs.
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
Estimate the deadweight loss from monopoly. Assume, in addition to the costs above, the musician on the album has to be paid. The company is considering four options.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
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