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Q. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. Using the concepts conversed in class (isoquant, costs, MRTS, etc.) describe Elucidate how the manager should decide to run the campaign.
Q. The U.S. economy may be thought of consisting of three large group. Name them, provide an example of the interaction between each of these group, sometimes a fourth group is included. Illustrate what would that group be? Provide an example of the interaction between this also the group listed in your answer.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Walmart founder Sam Walton amassed an enormous fortune in discounts retailing one of the most viciously competitive markets imaginable.
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
If the nominal social discount rate is 7% and the rate of inflation is currently stable at 2 percent, should the city build either facility.
Derive also graph the MC function. Conclude the cheapest way to produce 20 units. Conclude the cheapest way to produce 12 units.
Devise a hypothetical business situation in which buying a look back.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
You have become concerned to the rm's sales are presently lower than the profit maximizing level, given the marginal cost of $1500 per workstation.
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