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In 1982 to 1984, the base period used for the consumer price index, the average earnings of construction workers were $442.74 per week. By 1989 the earnings of construction workers had reached $506.72 per week, but the consumer price index had risen to 124.0. What were construction workers’ real earnings in 1989 stated in 1982–1984 dollars?
Compute the average product of labor, APL, when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the average product of labor change when the firm uses 81 units of labor.
What is Soroush’s income elasticity of demand for Good 1? C. What is Soroush’s income elasticity of demand for Good 2?
Ssuppose which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze as each additional cow has less grass to eat than the previous one.
Elucidate what is the marginal opportunity cost of 1,000 garments of clothing in the range between points B and C.
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
If LFC sells chicken and biscuits as a meal deal, what price would be set for the meal deal which comprising both an order of chicken and an order of biscuits
If the company issues debt to finance the project what would be the value of the company. What would be the value of the levered equiy.
Before output has had time to adjust, by how much is disposable income reduced. Compute the resulting change in consumption expenditure.
Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.
Explain how does a rise in the unemployment rate affect your chances of finding a job which would match your qualifications as a college graduate.
Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic.
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
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