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1- What is isoquants?
2- At what point an isoquants are economically efficient?
What conditions must be met for buyers to bear the full burden of a tax? What conditions would cause sellers to bear the full burden? Explain.
Orange juice and apple juice are known to be perfect substitutes. Draw the appropriate price-consumption curve (for a variable price of orange juice) and income-consumption curve.
Describe, using diagrams where appropriate, the market for rental accommodation before and after the introduction of rent controls.
1. show what happens to producer surplus worker surplus and the gains from trade as workers migrate from a low- wage to
Huntington advice that the emerging global economy will rising be faced with violent clashes between civilizations. Describe what Huntington means by the term civilization and explain why such clashes may be expected.
The cost for loss of heat from the pipe per meter is $4.8/X1/2 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable.
mike bill and ed have different preference levels for their support for military spending on overseas operations. mike
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Suppose the income elasticity of demand for pre-recorded music compact disks is +6.0 and the income elasticity of demand for a cabinet maker's work is + 0.6.
when the price of corn was low consumers in the united states spent a total of 3 billion annually on its consumption.
find the effect of a trade surplus? explain the effect of a trade deficit? how do trade deficits and surpluses affect
Describe "modern economic growth" and describe the institutional structures needed for an economy to experience it. Identify the general demand, supply, and efficiency forces that give rise to economic growth.
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