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Ocean water contains .9 ounces of gold per ton. Method A costs $550 per ton of water processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and will recover 60% of the metal. The two methods require the same capital investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,750 per ounce, which method should be recommended? The supply of ocean water is essentially unlimited.
Hint: Work this problem on the basis of profit per ounce of gold extracted.
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
To what extent is to greek proverb "Happiness is the full utilization of your capacities along lines of excellence." similar and different from the traditional definition of economics.
Find equilibrium Y in the basic Keynesian model (round Y to the nearest whole number) What are the values of BS and NX at the equilibrium level of Y? Find the value of savings at equilibrium Y.
Find out the total nominal money stock as measured by the Federal Reserve's definition of M1. What will happen to each of your answers to part a to e.
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 11 percent. Use Okun’s law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in ..
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
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If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
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How much output is lost as a result of deaths from secondhand smoke, according to the news.
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
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