an unemployed person Ramesh is looking out for a job Ramesh received 2 job offer one for 20000 from icici bank and other 15000 from HDFC Bank what is opportunity cost for Ramesh if he accept offer of icici bank

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an unemployed person Ramesh is looking out for a job Ramesh received 2 job offer one for 20000 from icici bank and other 15000 from HDFC Bank what is opportunity cost for Ramesh if he accept offer of icici bank

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Demonstrate the profit levels, for market with discrimination and market without discrimination.
A monopolist has demand and cost curves given by: (5 marks) QD = 10,000 - 20P TC = 1,000 + 10Q + .05Q2 i. Find the monopolist's profit-maximizing quantity and price. ii. Find the monopolist's profit.
An isoquant curve shows (A) all the alternative combinations of two inputs that yield the same maximum total product. (B) all the alternative combinations of two products that can be produced by using a given set of inputs fully and in the best possible way. (C) all the alternative combinations of two products among which a producer is indifferent because they yield the same profit. (D) both (b) and (c).
Suppose the short run market price a competitive firm faces is birr 9 and the total costof the firm is TC=200+Q+0.02Q2. a) calculate the short run equilibrium output and profit of the firm B)drive the MC, ATC,and AVC and calculate the values at the short run equilibrium output C) calculate the producers surplus at the equilibrium output D) find the output level that will make the profit of the firm zero
Answer the following questions related to the utility function: UU(xx, yy) = 0.5xx0.4yy0.6. a. Is the “more is better” assumption satisfied for both goods? Explain. b. What type of function is this? Explain. c. Provide expressions for the marginal utilities of x and y. d. Does the marginal utility of x increase, remain constant, or diminish as the consumer buys more units of x? Explain. e. Does the marginal utility of y increase, remain constant, or diminish as the consumer buys more units of y? Explain. f. Provide an expression for the marginal rate of substitution of x for y. g. Is MRSx,y diminishing, constant, or increasing as the consumer substitutes more x for y along an indifference curve? Explain. h. On a graph with x on the horizontal axis and y on the vertical axis, draw the indifference curves for U1 and U2 where U2 has a higher value than U1.
State whether the Statement is TRUE or FALSE. Also write the reason (Without reason your answer will not accepted) a) If value of cross price elasticity is positive then it means there are less close substitutes are available of that product. b) In case of luxury products, the own price elasticity of demand is greater than one. c) If salaries of journalist go up then demand curve of newspaper will shift upward. d) When price elasticity of supply is greater than one it means supply curve is flatter.
Evaluate whether it violated or justify WARP conditionality: A consumer makes the following choices (when you develop the matrix, show the calculation process for the first row) a. At prices (p 1 ,p 2 )=($4,$4) the choice was (x 1 ,x 2 ) = (20,2). b. At (p 1 ,p 2 )=($4,$2) the choice was (x 1 ,x 2 ) = (10,10). c. At (p 1 ,p 2 )=($2,$4) the choice was (x 1 ,x 2 ) = (10,8)
The marginal revenue product of labor is the: a. change in revenue resulting from adding an additional unit of labor. b. cost of additional labor necessary to produce an additional unit of output. c. change in output resulting from adding an additional unit of labor. d. change in labor necessary to produce an additional unit of output.