Use the following information to answer the question below: Study Hours Grade O1 2 O25 42 S57 69 4 6 17 124 124 10 11 12 13 14 15 16 18 19 20 79 88 96 103 109 114 118 121 123 124 124 124 124 124 The marginal product of the 7th hour of study is: Select one: Оа. 88 O b. 9 O c. 96 d.

Q: What are the advantages of pure competition?

A: Answer: A purely competitive business is the most efficient type of operation. This is due to the fo...

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A: Comparative Advantage: The comparative advantage arises when a product is being produced at a lower ...

Q: 11. A firm has a production function of Y $100 Log(K), where K is the amount of capital used in prod...

A: Given information Production function Y=100*logK Price of capital =100%  

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Q: Suppose that in Workaholia the total population = 180 million, the number of unemployed = 5 million,...

A: The correct answer is given in the second step.

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTEI) Income y...

A: Answer: Given, Utility function: U=lnc1+beta×lnc2substitute, beta=1U=lnc1+1×lnc2U=lnc1+lnc2 Interest...

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A: Elasticity refers to a criteria which measures the responsiveness of one variable due to the change ...

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A:

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Q: ABC

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A: Quantity=800 Time= 4.5 hours No. of workers=5

Q: Annuity (A/P, 9%,2) = 0.10 (A/F, 6%,15) = 0.06 (P/A, 4.5%,10) = Blank 3 (F/A, 2%,45) = Blank 4 (A/P...

A: Introduction 1. (A/P, 9%, 2) =  I = P. r. t I/P = 0.09 × 2/12 I/P = 0.015 Now A/P = 0.015 + 0.09 A/P...

Q: What is the criticism of the Community Indifference Curve? 3 points

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A:

Q: In an economy with no government and no trade, autonomous consumption is £200 and planned investment...

A: Autonomous consumption = £200 Planned investment spending = £100 MPC= 0.7  

Q: statement is TRUE, correct and valid. Write "F", if otherwise. If your answer is either "T" or "F" e...

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you ...

Q: Consumer has utility function ln(c1)+beta*ln(c2), where beta=1. Interest rate i=50%. Income y1=10 ...

A:

Q: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it woul...

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Q: Discuss what is meant by the long run in economics. When does the long run occur?

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