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Assume that you have drawn a total product curve for labor given a technology. Now let some sort of technological change rise in the productivity of labor. A new total product curve would have to be drawn:[1] above the old with a steeper slope for any level of employment greater than zero.[2] above the old with a flatter slope for any level of employment greater than zero.[3] below the old with a steeper slope for any level of employment greater than zero.[4] below the old with a flatter slope for any level of employment greater than zero.[5] directly over the old curve signifying no change in the total product graph; only the marginal product graph would change.
Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
Either tenants occupy rent controlled buildings with a customers surplus deserve to live there.
Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Make sure to comprise a history of the company or industry or the market in which it operates.
Elucidate the interpretation of the coefficient b. Do the demand functions satisfy the relevant homogeneity conditions.
Elucidate one or more of the criteria which you believe should be improved at your place of employment.
During the 1990s, Western Europe experienced high rates of unemployment, while in the US, rate of unemployment remained far below natural rate.
Illustrate what effect on the potential industry profitability would Porter's Five Forces framework suggest this new technology has.
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Illustrate what other business decisions are impacted as well, and how. Explain.
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