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Q1. On a 100-acre farm, a farmer is able to manufacture 3000 bushels of wheat when he hires two employees. Also he is able to manufacture 4400 bushels of wheat when he hires three employees. Which of the following possibilities is consistent with the property of diminishing marginal product?
Q2. If the elasticity of Consumption(C) with respect to technology (A) is less than 1 the elasticity of Investment (I) with respect to technology (A) is greater than 1
Explicate the impact of technology shock on the consumption and investment.
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Assume that being sustitutes for one another, corn and soybean require the same raw material such as land, will farmers use their soybean farms to produce more or less corn and in econmic.
Is SPC employing labour and domes in an optimal ratio, assuming that substitution of resources is possible. Elucidate. Conclude marginal income products for exterminators and for domes/pumps employed by SPC.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
Elucidate what set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
q.a new water pump has been purchased for 1400 that is expected to require 600 per year in annual operating costs plus
Cutting the corporate income tax can potentially increase the pace of technological change resulting in the aggregate supply curve shifting to the right.
q.the world is composed of two economies the european union and the united states. one of the european firms has a
q1. how concentrated are income gains among the top 110th of one percent?q2. how does cost-consciousness help in better
Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased?
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