Suppose a region’s workforce of 14 million is initially split equally betweentwo cities, x and y. the urban utility curve peaks at 4 million workers, and beyondthat point the slope is$3 per million workers. the initial equilibrium utility level is$60. supposed city experiences technological innovation that shifts its utility curve upward by $12. (a) draw a pair of utility curves, one for x and one for y, and label the positions immediately after the innovation (before any migration). you do not need to draw the utility curve to the left of 4 million population. (b) how do workers in each city respond to the innovation.

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Because the demand for wheat tends to be inelastic. true or false

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not