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Q1. "Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm's scarce resources" Explain the statement with suitable example.
Q2. What determines the capital-labor ratio for each good in each country? Why might both industries use a higher capital-labor ratio in one country than in another? Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries? Explain.
Find the present value for each year if the interest rate is 6% and then add them together for the total present value of future revenue.
Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
What can it be sold for now if a buyer's desired return is 4 percent per 6 months?
What is the optimal bundle Carmela can achieve while spending $60? C) For Carmela, is clothing a normal or inferior good?
Why do five pillars of Islam make it an ideal religion for a nomadic people. Why did African rivers turn out to be a disappointment to European colonial powers.
compute the shares of lemon grass also troll labor in Hogwarts' income.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers.
Illustrate what price should you charge in order to maximize revenues from the sales of the Highlander. Please put this into Excel so I can see the formulas/calculations.
Suppose at Columbia University, grade point average (GPA) and SAT scores are related by the conditional expectation
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