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?

Please give step by step solution.

With the aid of a diagram, explain why according to economic theory, in the short run rational firms should only be operating at Stage two of production

What is an Environmental Kuznets Curve? Assuming that it holds for a specific pollutant in a given country, what are the implications for the evolution of the I, P, A, and T factors in the IPAT identity?

1.

Define and explain Frictional, Structural and Cyclical unemployment. What is NAIRU?

2.

Show the effect of a minimum wage on a labour market where the equilibrium wage is

below the legislated minimum wage. Use the labour demand and supply model but don’t

consider any effects outside of the basic model.

3.

Explain the basic Consumption – Leisure choice model. Show what happens to the model if

there is an increase in the wage rate. Include the income and substitution effects.

4.

Show how to determine the cost minimizing mix of capital and labour using a graph. How

would the graph change if the cost of labour rose relative to the cost of capital?

During recession, the yield for corporate bonds tends to increase and the yield for US Treasury securities tends to decrease .Briefly explain why. Give a real-world example as part of your reasoning.

Choose a product for which you are interested in creating a marketing plan. It can be a product that already exists, or one you would like to launch. It must be a legal product.

Write a 1- to 2-page paper (250 to 550 words) that specifically describes your product. The most important requirement for this assignment is that the reader has a clear understanding of your product, what it does for the consumer, and how it works or functions.

Some information you should include is the name of your product. If you are choosing to write about a product you would like to launch, be sure to create a name for your product and try to be creative. Explain the features and benefits, making sure to differentiate between these two concepts.

The “product” section is the most important of the four Ps of marketing: product, price, place, and promotion. Effectively completing this part of the project should set you up for success for the rest of the project.

what is the effect of E – commerece sector in corona virus to related in ASEAN

if the cross-price elasticity between ketchup and hamburgers is -1.2, a 4% increase in the price of ketchup will lead to a 4.8%:

a. increase in quantity demanded of ketchup.

b. drop in quantity demanded of hamburgers.

c. increase in quantity demanded of hamburgers.

d. drop in quantity demanded of ketchup.

What is the Global Strategy to Improve Agricultural and Rural Statistics?

Princess Leia and Luke Skywalker find themselves trapped on the moon of Alderaan. While they are waiting for the rebel fleet to rescue them, they can survive by eating daptoids and polytheerons. One of either species will provide a meal for two rebels. These are both tasty but difficult to catch food sources. Of course, Leia is better at catching them than Luke.

Below is a table of the results Leia prepared.

1. Who has the absolute advantage in catching daptoids? For catching polytheerons?
2. Would it make sense for the same person to be catching both while the other watches?
3. What opportunity costs do Luke and Leia have for these food items?
4. Who has the comparative advantage in hunting daptoids? Polytheerons?
5. Draw the 12 hour linear production possibilities curve for Leia and Luke. Put these on the same graph, using graph paper is recommended.
6. What would you recommend these exiles do (based on 12 hours)?

1) A lower price for batteries would result in a(n)

A) decrease in the demand for flashlights.

B) increase in the demand for batteries.

C) Increase in the demand for flashlights.

D) Decrease in the demand for batteries.

2) If Kindle e-readers and Nook e-readers are substitutes, a lower price for Nooks would result in a(n)

A) Decrease in the demand for Kindles.

B) Increase in the demand for Nooks.

C) Increase in the demand for Kindles.

D) Decrease in the demand for Nooks

3) Which of the following demonstrates the law of supply?

A) When shirts producers expected shirt prices to rise in the near future, they decreased their current supply of shirts.

B) When salt prices rose, salt sellers decreased their quantity supplied of salt.

C) When the price of soccer balls rose, soccer balls sellers increase their quantity supplied of soccer balls.

D) When computer production technology improved, computer producers increased their supply of cars.

a) Explain the relative merits of fixed and floating exchange rate regimes.

b) From the perspective of in international business, what are the most important criteria in a choice between the systems?

c) Which system is the more desirable for an international business?

1. In your own words, explain the difference between price ceilings and price floors. Why would an economy use them? Who is hurt by each one and why? Who is helped by each one and why?
2. Why would the government support price ceilings and price floors knowing that they are inefficient? What might they be trying to accomplish?