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Q1. Within which sections of the production function is marginal product increasing?
Q2. Explicate the link between scarcity, choice and opportunity cost?
Q3. "The potentially valid arguments for tariff protection military infant business security, self sufficiency as well as diversification for steadiness are also the most easily abused." Why are these arguments susceptible to abuse?
Q4. People join tennis clubs for a fixed fee for every year that allows them to play as much as they want without charge. It is because person who deposit these fees play more tennis than others who can use free public courts which means sunk costs matter for decisions?
Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax is levied above $50,000 in taxable income.
Determine the cost to the government of buying firms unsold units
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
What role did Red cloud play in the factional splits that occurred in the late 1860s and 1870s.
Which is a tax on profits generated from mining of iron ore and coal.
The Marginal Product of Labor and the Marginal Product of Capital are given.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
Why does the assumption of independence of risks matter in the examples of insurance.
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
Explicate which among the policies is most effective and least effective for this nation.
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