Other Economics Answers

Label the four factors of production

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2. If the demand functions for the two consumers are:-

For consumer 1 Qd1= 10-4P1

For consumer 2 Qd2= 4-2P2

When the two prices are 3 birr.

a. Determine the market demand using the same price for the two functions?

3. The demand and supply for a 

The marginal revenue of a widget is $14. If the marginal cost is $11 should the additional unit be produced why ?

Describe the challenges faced by human resource managers in dealing with labor economics issues in todays organizations. (8marks)

Determine the various methods used by human resource managers to cut labor costs in their organizations (7Marks)

Is there an increase in quantity demanded when the price of the good decrease from ₱150.00 to ₱100.00? If yes, how many percent is the increase? If no, how many percent is the decrease?