EBK EXPLORING MACROECONOMICS
EBK EXPLORING MACROECONOMICS
7th Edition
ISBN: 9780100546400
Author: Sexton
Publisher: YUZU
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Chapter 5, Problem 3P
To determine

(a)

Show supply and demand curve to show with large increase in supply and small increase in demand.

To determine

(b)

Show supply curve to show with small increase in supply and large increase in demand.

To determine

(c)

Show supply curve to show with large decrease in supply and small decrease in demand.

To determine

(d)

Show supply curve to show with small decrease in supply and large decrease in demand

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The production function of a firm is described by the following equation Q=10,000L-3L2 where Lstands for the units of labour.a) Draw a graph for this equation. Use the quantity produced in the y-axis, and the units of labour inthe x-axis. b) What is the maximum production level? c) How many units of labour are needed at that point?
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how to caculate marginal?
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