HELLO TUTORS USE THE CASE STUDY PRICESLY TO ANSWER THE QUESTION

Murray Newton Rothbard (/mri rbrd/; March 2, 1926 - January 7, 1995) was an American heterodox economist of the Austrian School, a revisionist historian, and a political theorist(pp11, 286, 380) whose writings and personal influence played a seminal role in the development of modern libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of historical revisionism, and a central figure in the twentieth-century American libertarian movement. He wrote over twenty books on political theory, revisionist history, economics, and other subjects. Rothbard asserted that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large." He called fractional reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations.(pp4-5, 129) According to his protg Hans-Hermann Hoppe, "There would be no anarcho-capitalist movement to speak of without Rothbard."

Rothbard was a heterodox economist. Economist Jeff Herbener, who calls Rothbard his friend and "intellectual mentor", wrote that Rothbard received "only ostracism" from mainstream academia. Rothbard rejected mainstream economic methodologies and instead embraced the praxeology of his most important intellectual precursor, Ludwig von Mises. To promote his economic and political ideas, Rothbard joined Llewellyn H. "Lew" Rockwell, Jr. and Burton Blumert in 1982 to establish the Ludwig von Mises Institute in Alabama.

Bio from Wikipedia, the free encyclopedia. Photo by Ludwig von Mises Institute [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons.Murray Newton Rothbard (/mri rbrd/; March 2, 1926 - January 7, 1995) was an American heterodox economist of the Austrian School, a revisionist historian, and a political theorist(pp11, 286, 380) whose writings and personal influence played a seminal role in the development of modern libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of historical revisionism, and a central figure in the twentieth-century American libertarian movement. He wrote over twenty books on political theory, revisionist history, economics, and other subjects. Rothbard asserted that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large." He called fractional reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations.(pp4-5, 129) According to his protg Hans-Hermann Hoppe, "There would be no anarcho-capitalist movement to speak of without Rothbard."

Rothbard was a heterodox economist. Economist Jeff Herbener, who calls Rothbard his friend and "intellectual mentor", wrote that Rothbard received "only ostracism" from mainstream academia. Rothbard rejected mainstream economic methodologies and instead embraced the praxeology of his most important intellectual precursor, Ludwig von Mises. To promote his economic and political ideas, Rothbard joined Llewellyn H. "Lew" Rockwell, Jr. and Burton Blumert in 1982 to establish the Ludwig von Mises Institute in Alabama.

Bio from Wikipedia, the free encyclopedia. Photo by Ludwig von Mises Institute [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons.

Question two.

1.With the clear explanation, describe the indifference curve______

2.The points located at the juncture of the budget line with the synchronize tomahawks shows that

3.. An economic agent contracts a loan of 15.000 lei, which he will repay in three equal annual installments. What will be the total interest paid, knowing that the annual interest rate is 12% per year?

4.An economic agent makes a bank deposit of 10.000 lei with an interest rate of 5%. What will be the amount in the bank after 2 years, if the economic agent does not make withdrawals from the account created during this period?

5.Can it the statement be true or false as according to the stages of the circular flow of the company's capital, it takes three forms: money, capital goods and commodity. Justify your answer

6.Which of the following aspects distinguish fixed capital from working capital:

a. the number of cycles of production they participate in; b. the location of the production activity;

c. the period of time after which they are replaced;

d. the way they transmit their value to the new product.

7.a. the number of cycles of production they participate in; b. the location of the production activity; c. the period of time after which they are replaced; d. the way they transmit their value to the new product

8.Fixed cost includes

9.When production volume is zero

10.Calculate the average fixed cost (AFC), for a level of production Q = 20, knowing that the total cost function is: TC = 200 + 3Q + 2Q2