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Q. Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes. For example, Fairfax schools serve oranges-14¢ each-instead of grapes, which are 25¢ a serving.Source: The Washington Post, April 14, 2008Assume that a Fairfax school has a $14 daily fruit budget.a. How many oranges a day can the school afford to serve if it serves no grapes? How many servings of grapes can the school afford each day if it serves no oranges?
Which of the government policies below is not likely to encourage per capita economic growth.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
The equilibrium quantity increase or decrease depends on Demand
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
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