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Two similar farms could have the same return to management but different net farm income due to:
differences in prices paid for inputs purchased
differences in amount of unpaid labor and equity capital used
differences in physical efficiency
differences in prices received for products sold
consider the trade problems of developing nations and make at least one recommendation for mitigating one of them.
Why do these jobs with identical requirements pay different salaries and what is the risk for a worker of a fatal accident at each company? What is the pay premium associated with that risk?
Suppose you win a small lottery and you are given the following choice: You can (1) receive an immediate payment of $10,000 or (2) three annual payments, each in the amount of $3,600, with the first payment coming from one year from now, the second t..
Describe how a bandwagon effect might speed up the rate at which DVD players are adopted by customers. Do likewise for the case of cable television subscriptions.
forecasting is used as a tool for planning. when developing forecasts firms need to think of all possible scenarios and
What is the equilibrium price and quantity of bonds in this market? What is the interest rate in this market, given your answers above?
For given input prices, less expensive bundles of inputs are associated with:
The law of demand says that the price and quantity demanded are inversely related. Thus, is demand curve positively or negative sloped?
Your company is about to introduce a new product that will increase the fuel mileage on ANY gasoline-powered car by 25%. This is a genuine product that REALLY works and has received endorsements left and right as a tool to help America become less de..
What role should government play in controlling increases in the cost of care and the cost of health coverage What different choices do state and federal policymakers have in containing costs
Explain the concepts of consumer surplus and producer surplus, and then use these to demonstrate that a price ceiling is less efficient than equilibrium in a supply and demand analysis. Articulate why the price ceiling results in either a shortage..
First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..
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