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Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the united States. How would the market be effected if new technology cause corn farming to be more efficient.
Explain the connections between opportunity cost and the production possibilities frontier.
Illustrate what was your total revenue in dollars yesterday (be sure to include your commission). Why would your profit for the day be considerably less than this total revenue.
Next, suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically.
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Illustrate on your graph and in words all important points and areas on the business cycle.
The university is seeking a grants to cover capital cost. How big of a grant would make this project worthwhile (to the university)?
the technology is now developing so that road use can be priced by computer. A computer in the surface of the road picks up a signal from your can and automatically charges you for the use of the road. Explain how would this affect bottlenecks and..
if sugar protectionism has the bad effects stated in the editorial, why dont congress and the president eliminate it?
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
Calculate the average cycle stock for this item using the order quantity in part a.Assuming there are 12 periods per year, calculate total cost per year.
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