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Home has 11520 hours of labor available, andcan produce two goods: helicopter blades and/or grapefruits. The unit labor requirement in grapefruit production is 240 hours per metric ton. The unit labor requirement for helicopter blades is 960 hours per set of blades.
Write a Ricardian production function for helicopter blades in general form, and with numbers plugged in.
Write a Ricardian production function for grapefruits in general form, and with numbers plugged in.
A survey of 200 college graduates who have been working for at least 3 years found that 90 owned only mutual funds, 20 owned only stocks, and 70 owned both. What is the probability that an individual owns a stock? A mutual fund? What is the proabilit..
A dissenting opinion in this case argued that Jerry Schuster did carry on his father's business and should be liable for obligations of the continued business. Does that strike you as reasonable? Shouldn't a warranty be valid so long as the business ..
Suppose demand and supply are given by Qd = 50 - P and Qs = 1.0P - 10. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $45 is imposed in this market Quantity demanded: Quantity supplied: Su..
Why did most communities in the early days of e-commerce fail? What factors enable some online social networks to prosper today?
Evaluate the efficacy of major types of health clinical outcomes one can use in economic evaluation analysis - determine the primary ways in which an established market for health insurance can be efficient, especially when individuals carry less th..
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
q1. why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in
“When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business.” True ..
Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?
Which of the following is true about a content chunk on a web page?
A consumer has a utility function, donuts (A) and peaches (B) given by u(A,B) = squareroot AB. Now suppose the price for donuts is .75 cents a unit. what is the maximizing combination of donuts and peaches.
He explains that the firm that has come up with the idea decided to start the coffee push cart in either Cleveland, Ohio, or Houston.
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