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What happens to marginal product of the factors when an isoquant has zero slope? What happens to the marginal product of input if isoquants are downward sloping?
Discuss the importance of the interest rate to individuals; in particular, comment on how changes in the interest rate affect income allocation - What is the relationship between interest rate risk and maturity?
The price at point e is $24 per bag. The price at point f is $48 per bag. The price at point g is $13 per bag. Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions.
Suppose an economy in which customers expenditure is represented through the following equation, Determine the equilibrium level of income
What is a financial and social system of how resources flow through society, from production, to distribution and to consumption?
What is GIS and how is it related to Transportation Economics?
You are the adviser to a Benevolent Social Planner. GDP is falling also the economy is in a recession.
By how much would a proposed merger between the two smallest touch screen makers increase the Herfindahl index? Would the government be likely to challenge that proposed merger?
The government uses policies like student loans and free trade to influence economy's incremental rate.
How is race socially constructed? How do we socialize children to recognize race and ethnicity? How do we define racism, prejudice and discrimination and how do they relate to privilege?
Ceteris paribus, coffee Brand X and coffee Brand A are substitutes in consumption. The price of coffee Brand X falls. a. What happens to the demand for coffee Brand A b. What happens to the demand for coffee Brand X
As Marthinsen explains, GDP and unemployment are among the most important economic indicators, but there are hundreds more that economists analyze. The National Bureau of Economic Research maintains a comprehensive listing with links (Links to an ext..
Consider two firms X and Y produce identically tasting cold drinks.In order to increase the demand for its cold drink, firm Xincreases its advertisement outlay. However the advertisingdoesn’t increase its demand in the long run. Explain why this must..
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