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A farmer grows either corn or wheat on her 1,057-acre farm. Initially, the prices of both are equal to $207 per acre harvested.
The farmer initially grows 1,057 acres of wheat and 0 acres of corn. Suppose the price of corn increases by $102 per acre harvested.
How much does the farmer's revenue change by if she continues to grow wheat even after the price of corn increases?
Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.
Assume a merger of company would simultaneously lessen competition and reduce unit costs through economies of scale.
Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.
You must select between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 A year for training, but you will get $15,00 grant.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Elucidate the maximum amount that would pay for an asset that generates an income
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Breifly explain the effect of an increase in money supply.
Explain and discuss the mechanisms by which this has occurred, and contrast our experience with: a) the recent performance of many NICs (newly-industrializing-countries) in the last few decades
Explain what would happen to the demand for Motorola picture phones if the price of digital cameras rose
Calculate the dividend yield, the capital-gains yield, and the total return to the stock. Express your calculation in percentage terms.
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