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A gardener requires fertilizer to have a minimum of 80 units of nitrogen,15 units of potassium and 10 units of iron. Two fertilizer mixes are available.Brand X contains 20, 2 and 1 units of the minerals,while Brand Y contains 4, 1, 2 units of the minerals respectively.Brand X costs $18 per kg while Brand Y costs 6 per kg.(a) Write down the inequality constraints and the equation of the cost function.(b) Graph the inequality constraints, Hence determine the number of Kg of each brand which provide the minimum mineral requirements at minimum cost.(c) Confirm your answer in (b) algebraically.
X-Corporation produces a good (Called X) that is a normal good. Its competitor, Y-Corp makes a substitute good that it markets under name "Y." Good Y is an inferior good. How will demand for good X change if consumer incomes increase.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
Illustrate what marketplace structure is more beneficial for Wonks to operate in also will this be the same marketplace structure which will benefit consumers.
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
Given the current condition of the United States economy, do you think United States rule makers would prefer to see the $ increase in value, reject in value or stay at its current value?
The initial offering price was $34.40 per share, and the stock rose to $41 per share in the first few minutes of trading. Bostitch paid $905,000 in legal and other direct cost and $250,000 in indirect costs. What was the flotation cost as a perce..
Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.
Assume a perfectly competitive firm's short-run cost is TC = 120 + 160Q + 3Q2. If the market price is $196, what should it do. Elucidate your answer, if continue then explain how much is to produce; state profit level in each decision it makes.
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