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Why was agriculture sector declared as a critical industry and exempt from the lockdown regulations
own company, Diller Didactic Consulting. She rented an office in the Peach Street
Professional Building for $550 a month, hired a receptionist for $1,500 a month, and
leased a computer from Silly Clone Systems for $130 per month.
At first, business was slow, so Priscilla paid $800 to use a mailing list and sent out 1,200
advertising brochures. The cost of postage and printing was $1.37 per brochure. Business
improved immediately, and no further advertising has been necessary.
Priscilla's business improved so much that she hired two associates for $5,000 per month
and installed them in the remaining two offices in the Peach Street Professional Building,
and then she bought the building for $198,000. She replaced her one leased computer
with three computers of the same type that she purchased from Silly Clone Systems for
$22,000 and she talked
Suppose a consumer’s utility function is given a U = 100X0.25Y0.75.The prices of the two commodities X and Y are Birr 2 and Birr 5 per unit respectively. If the consumer’s income isBirr 280, how many units of each commodity should the consumer buy to maximize his/her utility?
1. If the fixed quantity of capital in the short run is 10000units, estimate SR product function
2. Find the value of L that maximize SR product function in 1above
Good luck
A.Significant economies of scale
B. Large capital requirements
C. Heavy potential advertising cost
D. Constant returns to sale
A. The cost curve of the firm are u-shaped
B. The marginal cost curves Cuts the avarage cost curve at its minimum point
C. Output of the firm is where marginal revenue equals marginal cost
D. Marginal revenue equals avarage revenue
indicate and illustrate what happens in the market for hamburgers in each of the following:A.) The price of hot dogs increase.
B.) A disease develops that kills a large proportion of cattle.
C.) Medical research proves that a new breed of cattle result in hamburgers with less cholesterol.
D.) A direct subsidy on each head of cattle is provided to farmers raising cattle.
E.) A new breed of cattle is developed that grows much faster and reproduces at a higher rate
