+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
What is the law of diminishing marginal productivity and How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.
Microeconomics, Economics
Guranteed 24 Hours Delivery, In Price:- $20
Question: An economy has a saving rate of s= .08, a depreciation rate of .02, a population growth rate of n= .03, and a growth rate of effective labor of g= .05. a. the capital-output ratio, k/y, for this economy is: b. ...
Question: Suppose that no amount of other goods can compensate for a loss in health. How would the individual's indifference curves look? Is this a reasonable assumption in terms of what we actually see taking place? The ...
If the price of gasoline is $4 per gallon and the price elasticity of demand is .4, how much will a 10 Percent reduction in the quantity placed on the market increase the price?
Question: Consider two goods, widgets and gzots, which can be taxed to generate government revenue. The demand elasticity of widgets is 0.5 and of gzots is 1.2. For each good the supply elasticity is infinite (horizontal ...
Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...
Question: The Bank of Canada defines the Canadian money supply in terms of Ml+, M1++, M2, M2+, M2++, and M3 monetary aggregates. What financial assets are included in each of these six aggregates? How does each aggregate ...
Question: An economist wants to know what fraction of workers in a factory sometimes smoke marijuana on the job. She collects a random sample of 100 workers. To allay their fears she conducts the investigation indirectly ...
Question: Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms prop ...
Question: How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter? English is becoming the usual language for international transactions, even if the langua ...
Question: Congress has the choice of spending $50 billion on either space exploration or increased aid to education. Outline the arguments that would lead you to conclude which type of expenditure is more likely to incre ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As