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After an alien invasion, Earth has to resort to the extreme protection of its resources in order to survive. A global government is elected with the mandate to control all the resources, which remain to humanity. The global government serves as a centrally directed economic system and has assumed complete responsibility for producing and distributing products and services. Which describes the main economic system used in this new world order?
If SAB were to introduce a rewards programme whereby employees who performed very well every month are given recognition and financial incentives, the company would be satisfying the __________________ needs of their employees.
The problem of "scarcity" applies
3. The production function of a firm is described by the following equation 𝑸=𝟏𝟎,𝟎𝟎𝟎𝑳−𝟑𝑳 𝟐 where L stands for the units of labor.
a) Draw a graph for this equation. Use the quantity produced in the y-axis, and the units of labor in the x-axis.
b) What is the maximum production level?
c) How many units of labor are needed at that point?
The short-run cost function of a company = TC=200+55y( tc,y measured in thousands)
a) what is the fixed cost ?
b) ıf the company produces 100.000 units of output, what would be the AVC ?
c) what would be its marginal cost (y=100.000)
d) what would be its average fixed cost (y=100.000)
e)suppose that company expounds, its production capacity, therefore, fixed cost increases by $50.000, but its variable cost falls to $ 45.000 per1000 units write the new cost equation?
f)Suppose the company borrows money and expands its factory. Its fixed cost rises by $50.000, but its variable cost falls to $45.000 per 1000 units. The cost of interest ( ) also enters into the equation. Each 1 -point increase in the interest rate raises costs by $3000 Write the new cost equation
using a circular flow diagram ,illustrate the flow of income and spending for a model including the foreign sector .clearly describe and indicate leakages the direction of the flows
list and provide a short explanation of three central economic questions
illustrate and explain how an increase in household income will affect the equilibrium price and quantity in the market for data in scenario 1
in economic theory , a clear distinction is made between a movement along the demand curve and a movement of the demand curve in the light of this statement ,provide the correct graph to illustrate and explain an increase in the price of the product
in economic theory a clear distinction is made between wants and demands .in the light of this statement provide your own example to explain how demands differ from wants
