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Suppose a product can be produced using virgin ore at a constant marginal cost given by MCv=5 and with recycled materials at a marginal cost given by MCr=3+0.5q . If the (inverse) demand curve where given by P=10-0.5q , how many units of the product would be produced with virgin ore and how many units with recycled materials? Calculate the recycling ratio? Show your calculations.
explain how the short-run phillips curve the long-run phillips curve the short-run aggregate supply curve the long-run
identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the
Edward the entrepreneur takes 2 hours to cut a lawn, and he cuts 1,000 lawns per year. He uses solar-powered equipment (truck and mover) that will last forever
Taiwan and Jamaica are both islands that have pursued export-oriented development strategies, but Jamaica has experienced increases in unemployment and poverty, while Taiwan has experienced decreases. How might you explain this?
1. assume that a monopolist has a demand curve given by p 1500 - 4q and tc 100 5q2 with mc 10q.a if the firm
In what way does the Bill of Rights protect individuals' freedom to engage in business activities. it recognizes property righs or else.
what is the underlying message of the following lyrics from keynes?keynes public works digging ditches war has the same
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
for the paper you will need to discuss the difference between the cpi measure of inflation as collected by the bureau
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assetsliabilitiestotal reserves50000demand deposits180000u.s. government bonds110000nbspnbsploans20000nbspnbspassume
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours per day. Calculate, and in your diagram, identify, Lorne's quantity of leisure, supply of labour, and consumption. What is the price of leisure
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