Macroeconomics Answers

Is continued over-pumping of aquifers in America in our best interest?

If a consumer is consuming two commodity X and Y and his utility function U(X,Y)=2xy+6.if the price of the two commodity are 2 and 6 respectively, and consumer has a total income of 80 birr to be spent on the two goods,a)find the utility maximizing Quantity of good X and Y (b) find the MRSxy at equilibrium (c) find the MRSyx at equilibrium

Basically there are three approaches to measure gdp/gnp,list and briefly explain each approach

200-words essay about this video link: https://youtu.be/9Eq4C9ch-vk

what is the goal of macroeconomics?

A firm has the following total revenue and total cost functions: TR= 21Q-Q^2, Q^3/3-3Q^2+9Q+6 At what level of output does the firm maximize total revenue? Define the firm’s total profit as p = TR - TC. At what level of output does the firm maximize total profit? How much is the firm’s total profit at its maximum?

since GVA equals the total value of output minus intermediaries, during the calculation of gva in food processing industry (eg: bread) in manufacturing sector seperately and in calculation of gva in agriculture eg wheat in primary sector seperately won't there be false calculation of gdp?

. What do you mean by transitory income?

What were the results of empirical tests on the relationship between human capital and international

trade? Natural resources and international trade?

What is the status of the H–O theory today?

 If labor and capital can be substituted for each other

in the production of both commodities, when can

we say that one commodity is capital intensive and

the other labor intensive?