What is production function
Production function: It is the technological relationship among input and output of a firm and is termed as production function.
The dissimilarities in the arc elasticities of demands for labor among the Ajax Corporation and Bosun Limited are consistent along with an inference which Bosun: (1) is a more profitable firm than Ajax. (2) hires more highly skilled workers than Ajax
When people become optimistic about living longer and accordingly save more for their retirement years, in that case the decline into interest rates will tend to: (w) raise capital costs for business firms. (x) decrease investment expenditures. (y) di
Describe the implication of big number of buyers in the perfectly competetive market.
The Production possibilities frontiers describe the concepts of: (1) A trade-off between inflation and unemployment. (2) Positive economics versus the normative economics. (3) Scarcity, opportunity costs, and reducing returns. (4) Absolute advantages
Saving function: The relationship among saving and income is termed as saving function.
Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)  
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
Purchasing oil into Kuwait for $22 per barrel and selling that you purchased for $30 per barrel into Sao Paolo is an illustration of: (w) speculation. (x) bifurcation. (y) a subsidy. (z) arbitrage. I need a good answer on the topic
Can someone help me in finding out the right answer from the given options. Assume that sales of generic beds are highly competitive and Deluxe Beds is just significant employer in Nowhere, Nevada. When deluxe workers unionize and
A particular monopolistically competitive firm’s total revenue is probably to increase when this: (w) increases the prices of its products and consumer demand is elastic. (x) maintains its original price even if all of its compe
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