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Q. why would a rise in rental rate of capital coupled with no change in wage rate will lead to a rise in price of capital intensive good relative to price of labour intensive good.
Q. Suppose major officeholders from one particular party are not performing well and party is not monitoring se officeholders. In illustrate what ways could this situation affect party as a whole?
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
What could be the full increase in real GDP from the change in government spending assuming that the aggregate supply curve is horizontal across the range of GDP being considered.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
Economic laws are established in order to make successful prediction of the outcome of human action.
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
on average, Japan's real every capita output grew at a rate of 3 percent every year among 1973 also 1993. Illustrate what would Japan's output every capita have been at the end of 1993.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, Illustrate which of the subsiquent is true.
Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
The Australian government administers two programs that affect the market for cigarettes
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