Q1. It some respects Karl Marx could be thought of as one of the last of the Classical economists. Analyze this statement in terms of your assessment of Marx as economist also as a philosopher.
Q2. The XYZ Company manufactures chairs. It has a production function of Q = 300 L0.75 K0.5. In the short run, if L = 250 also K = 25, Illustrate what happens to the output of chairs if L jumps to 300 also then 350. Illustrate what law does this illustrate?