Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 . An entrepreneur starts a small firm with one machine, and a small factory space and employs one person initially. With the aid of

1.An entrepreneur starts a small firm with one machine, and a small factory space and employs one person initially. With the aid of appropriate diagrams/table and theory, explain the process of production as he increases his output. Indicate clearly what law governs this process of production, the variable and the fixed factors used by this entrepreneur.

2. Discuss the effect of covid-19 on the level of unemployment in Ghana.

3.In March 2020 Ghana recorded its first case of Covid-19 and which subsequently led to a lock down in Kumasi and Accra. Using appropriate diagrams explain the effect of the covid-19 pandemic on equilibrium price and quantity of sanitizers on the market:

a.Before the lock down

b. After the lock down.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

More Books

Students also viewed these Economics questions