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Suppose that in Horsehead, Massachusetts, the cost of operating a lobster boat is $4,000 per month.Suppose that if x lobster boats operate in the bay, the total monthly revenue from lobster boats in the bay is $1,000(28x - x2). If there are no restrictions on entry and new boats come into the bay until there is no profit to be made by a new entrant, then the number of boats who enter will be X1. If the number of boats that operate in the bay is regulated to maximize total profits, the number of boats in the bay will be X2.
Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the tw..
What is the value of the money multiplier and What are the nominal values of deposits, currency, and reserves
The approximate number of years it takes for real GOP pee person in Japan (0 double if the real GDP economic growth rate returns to 3 percent a year and the population growth race is maintained
a) What kind of returns to scale does this technology exhibit? b) Calculate the Conditional Input Demand for good 1, and good 2, c) Find the cost function, as well as the marginal cost function.
The inverse market demand curve is P=140-Q, and inverse supply curve is P=20+Q. Now Assume a commodity subsidy of $20 is given for each unit of production.
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..
We cut down trees and sell the timber for $8000. The timber is sawn up into lumber that sells for $18,000. The lumber is used to build furniture that sells to consumers for $30,000.Which of the following unemployed workers would be an example of ..
For every following events, consider how you might react. What things might you consume more or less of would you work more or less.
desired consumption is cd 100 0.8y - 500r - 0.5g and desired investment is id 10 - 500r. real money demand is mdp y
section awrite 400 words that respond to the following questions with your thoughts ideas and comments. include a
Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
Illustrate what effect would a period of rapid inflation likely have on the role of money.
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