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Suppose Jimmy says that he is willing to give up three apples in exchange for one banana, or give up one banana in exchange for three apples. Either trade is alright with him. Suppose that apples cost $2 and bananas cost $1. What trade, if any, would you suggest that Jimmy make, and why?
Please explain
If the economy is experiencing a large recessionary gap, what dicretionary policy might the government use to get the economy out of the output gap?
q1. suppose demand and supply are given by qd 7-12px and qs14p-12determine the equilibrium price and quantitysuppose a
This is the conclusion reached by the reporter who covered the vigorous price competition between Borders also Barnes & Noble in Fort Worth region during the 2006 holiday shopping season.
Elucidate why the dam project is considered a public good and discuss whether government intervention leads to a more efficient use of resources.
Where aH and bH are her consumption of ale and bread. George and Harriet are each endowed with 4 units of ale and 4 uits of bread. Find the market-clearing price (which is a messy fraction).
A project has a first cost of $10,000, net annual benefits of $2,000 and a salvage value of $3,000 at the end of a ten year useful life. What is the future worth of the project if MARR = 10%?
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
Assume that the central bank of an economy contracts the money supply.
List the arguments in favour of a Free Trade policy and alternatively, the arguments in favour of a Protectionist policy. Which policy should be adopted, and why?
Human capital theory predicts that women who plan on interrupting their work career will:
What are the ethical questions raised by cloning? Is there any moral difference between applying genetic engineering technologies to humans and applying them to animals and plants? What role should governments play in making policies regarding ethica..
The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?
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