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A perfectly competitive firm produces 1000 units of burger in the long run. The marginal revenue is rm6. Calculate the firm's marginal cost, average fixed cost, long run average cost, total cost, total revenue and total profit
Quantity demanded for tea has increased from 100 to 160 units with an increase in the price of the coffee powder from Rs. 40 to Rs. 50. Calculate the cross elasticity of demand between tea and coffee and explain the relationship between the goods.

Assume you are member of a government agent aiming to decrease the length of strikes. Write a strategy you can follow for this aim. Explain why you expect your strategy to work.


In TRNC part of the academic workers are unionized while others are not. Assume as unionization rate in TRNC has gone up, and at the same time the wage of the non-unionized academic workers also went up. How may these two trends be related?


In which case a contract between two agents may have pareto improvements?
Assume you are hired by a union, and asked to find ways to increase the bargaining power of the union. Write a suggestion you can make to the union to increase their bargaining power. Explain why you think your suggestion will work.

Suppose that the economy has entered a recession. What monetary policy action will a central bank take to restore full-employment output?


An increase in the price level will affect the money market and bond market in what ways?


If the interest rate on a one-year loan is 5% and the expected inflation rate is −2% for the same period, what is the expected real interest rate on the loan?


Spencer took a 9 percent one-year fixed-rate loan to buy a new car. He expected to pay a real interest rate of 5 percent. If at the end of the year Spencer only paid a 3 percent real interest rate, what is the actual or nominal interest rate?




Suppose an economy is in long-run equilibrium.
a. Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include both short-run and long-run aggregate supply. Is this economy producing potential output? Is unemployment above, below, or equal to the natural rate of unemployment?
M/s Paper Write Corporation problems don’t seem to end. The company doesn’t use modern
day technology in the departments. Some observations made by Ajay are:
a) The company uses register for employee attendance.
b) The company has a manual process of writing entry in the books of accounts.
c) The leaves are applied on paper which has a lengthy process of approval.
d) All the orders are sent through hard copies to the suppliers.
e) The inventory management is not practiced effectively due to the lack of usage of
technology.
Advise any 5 modern day technologies which will make the system more productive and
effective. Explain the same with description.
Fresh milk startup Country Delight has raised $7-10 million in a Series B funding
round led by venture capital firm Matrix Partners. The company claims to source milk
directly from the farm, eliminating the middle men and allowing farmers to earn a premium.
It also invests in cold chain and quality testing infrastructure at the farmer’s location. The
company offers other milk-based products including paneer, curd and ghee through its
mobile app. How do you think technology can help this startup in improving the dairy supply
chain from process management to tracking products and deliveries?

(Source: https://www.livemint.com/companies/start-ups/country-delight-raises-funding-inround-led-by-matrix-partners-1548182312046.html)
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