Why was agriculture sector declared as a critical industry and exempt from the lockdown regulations

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Why was agriculture sector declared as a critical industry and exempt
from the lockdown regulations

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step by step how to calculate MUX and MUY of U=X^0.5Y^0.5
Given a total cost function, TC(Q) = Q 2 + 10Q + 100 where Q represents quantity of output produced. (i) Find the expressions for the variable cost, fixed cost, average cost, average variable cost, and average fixed cost. 5 (ii) At what output level (Q) is the average cost lowest? Also find the minimum average cost.
Owing to the pressure of students through the “Fees must fall” campaign, the government imposes a price ceiling of R2 500 for a university subject. At a price ceiling of R2 500 A. 15 000 students will be able to enrol for the course. B. an excess supply of 6 000 places exists. C. more students will enrol for university courses. D. an excess demand of 6 000 places exists.
Suppose Paco has an annual entertainment budget of I. He spends his entertainment budget on only 2 goods: video games and movies. The price of a video game is Pv and the price of a movie is Pm. Paco’s utility function for video games (v) and movies (m) is: UU(vv, mm) = 4vv 1 2mm. a. Derive Paco’s demand functions for video games and movies as functions of only exogenous variables. b. Write Paco’s indirect utility function.
If income is constant what make decline price of commodity x &y at the same proportion ?
Which one of the following is not a requirement for or a characteristic of perfect competition? * A. ALL MARKET PARTICIPANTS SHOULD HAVE PERFECT KNOWLEDGE OF MARKET CONDITIONS. * B. THE GOOD MUST BE HOMOGENEOUS. * C. THERE SHOULD BE NO GOVERNMENT INTERVENTION. * D. EVERY FIRM MUST HAVE THE POWER TO SET ITS PRICE
The Cobb–Douglas production function is y=Z1^aZ2^b a>0, b>0 show that the MP1 = ay/z1, MP2 = by/z2 What is the MRTS21? How does it vary with: (a) y; (b) z2 /z1?
Briefly explain by the means of examples the difference between a minimum price and a maximum price