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The utility function for a consumer utility is U=30Q11/2Q21/2 .If the price per unit of Q1 is Ksh 10 and Ksh 5per unit of Q2, determine quantities Q1 and Q2 that the consumer should have to maximize utility if the consumer Ksh 350budgeted
c) Alpha industries sells two products, X and Y, in related markets, with demand functions given by:
Px – 13 + 2X + Y = 0
Py– 13 + X + 2Y = 0
The total cost, in shillings, is given by:
TC = X + Y
Determine the price and the output for each good, which will maximize profits.
Px – 13 + 2X + Y = 0
Py– 13 + X + 2Y = 0
The total cost, in shillings, is given by:
TC = X + Y
Determine the price and the output for each good, which will maximize profits.
Economics
Predict how each of the following events will raise or lower the equilibrium wage and quantity of oil workers in Texas. In each case, sketch a demand and supply diagram to illustrate your answer.
a. The price of coal rises.
b. New oil-drilling equipment is invented that is
cheap and requires few workers to run.
c. Several major companies that do not mine coal open factories in Texas, offering many well-paid
jobs outside the oil industry.
d. Government imposes costly new regulations to
make oil-drilling a safer job.
a. The price of coal rises.
b. New oil-drilling equipment is invented that is
cheap and requires few workers to run.
c. Several major companies that do not mine coal open factories in Texas, offering many well-paid
jobs outside the oil industry.
d. Government imposes costly new regulations to
make oil-drilling a safer job.
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A classmate of yours tells you that, the combination of inflation and a progressive income tax system tend to redistribute income in the country.
Economics
Discuss weather or not prices will be low in a market economic system
ABC company is expected to generate post tax earnings of sh 200,000 p.a and
Companies in the same trade will generally have a price earning (P/E) ratio
Of 8. On account of company ABC limited size a ratio of 6 is considered more
Appropriate. The issued share capital is 1,000,000 ordinary shares of sh 50 each
Determine the value of shares and the value of business.
Companies in the same trade will generally have a price earning (P/E) ratio
Of 8. On account of company ABC limited size a ratio of 6 is considered more
Appropriate. The issued share capital is 1,000,000 ordinary shares of sh 50 each
Determine the value of shares and the value of business.
Economics
What is the diagram for Law of variable proportion
Why is structural unemployment a more difficult problem for the economy and for industrial workers than other types of unemployment?
4.1 A classmate of yours tells you that, the combination of inflation and a progressive income tax system tend to redistribute income in the economy.
Explain why this is true.
Explain why this is true.
