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Suppose that a Örm has the following production function Q = min(2K; 3L): Draw the isoquants for output levels Q1 = 6 and Q1 = 12: Now assume the Örm is currently using 6 units of capital and 5 units of labor. What are the marginal products of K and L in this case?
suppose that you lend 1000 to a friend and your friend pay you back 1100 the nnext year.suppose the price that year
Identify two goods that have elastic demand and two (2) goods that have inelastic demand, that you have purchased during the last month, and explain the main reason why you identified them as such.
Are forecasts based on rational expectations always correct? Why might the theory of rational expectations be more relevant in explaining the behavior.
What does ?nancial intermediation mean? What are the different ?nancial intermediaries in your country. Which of their liabilities would you classify as components of the monetary aggregates? Discuss.
Find the market demand curve for the monopolist's product if there are only these two classes of buyers. Make sure you identify any ranges (or domains) where appropriate
Discuss the characteristics of monopolistic market in detail. Name five different companies that belongs to this market. Compare and contrast monopolistic competitive market with Oligopoly.
Explain how equilibrium would be restored in the circular flow of income if there were a fall in investment.
Could production and consumption take place without money
If the price of jeans rises and the quantity sold goes up, does the demand curve slope upward? Why or why not?
in this question you will examine the effect of a sales tax on a monopolists profit maximizing price and rate of
What is the shape of average fixed cost? Give a commonsense explanation for why the minimum point of AVC occurs at a lower output than the minimum of AC.
Why is the residual mean value important to a forecaster
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