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Q. Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
Q. If a industry is producing a level of output where marginal income exceeds marginal cost, would it improve profits by increasing output, decreasing output, or keeping output unchanged? Why?
It is always better to hire a more qualified and productive worker then a less qualified and productive one regardless of cost.
Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.
Suppose that a small nation produces mushrooms for domestic consumption also possible export.
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
Illustrate what is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean of Xbar=935
Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.
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