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Stroika Concrete makes bags of easy-use concrete for the DIY market. The company mixes their concrete using two ingredients, "Great Grit" and "A1 Aggregate". Great Grit costs L1 per kilogram and consists of 20% fine sand, 40% coarse sand and 40% gravel. A1 Aggregate costs L0.75 per kilogram and consists of 10% fine sand, 50% coarse sand and 40% gravel. Each bag of Stroika concrete must contain at least 2kg of fine sand, 2 kg of coarse sand and 6 kg of gravel. What is the least cost combination of ingredients that will satisfy the minimum requirements, and what will be the cost of these ingredients per bag of concrete produced?
Set up a table or a spreadsheet for XYZ's output (Q) price(P), total revenue (TR), marginal revenue (MR), total cost (MC), average cost (AC) total profit (TP) and Marginal profit (MP). Establish a range for Q from 0 to 1,000 in increments of 100 (i.e..
q. assume that the feds inflation target is 2 percent potential output growth is 3.5 percent as well as velocity is a
How would equal educational achievement and equal income.
describe the current account balance, the capital account balance, and the official settlements account balance.
What are the determinants of demand? What happens to the demand curve when any of these determinants change? Distinguish between a change in demand and a movement along a fixed demand curve, noting the cause(s) of each.
Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts _________, the equilibrium quantity of movie tickets will ____________.
Share market all over the world often increase or decrease together. What does a rise in the stock market indicate to you about the level of current and expected growth in the world economy?
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are captial abundant and (b) developing countries that are labo..
Describe the dominant characteristics of the industry (military) in which your company operates, addressing the following questions: Who are your main competitors? Are they significant barriers to entry? What is your company’s market share? What is t..
Maria has decided to always spend one-third of her income on clothing.
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? Professors, lawyers and doctors receive similar amounts of education, why are professors paid less than lawyers and doctors? Why do we say that ..
what is the value of the money multiplier given each of the following sets of values for CUR and RES? what would be the equilibrium value of total money stock assuming a monetary base of $10 trillion?
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