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Q. A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The grower has available 300 hours of labor per week also 800 tons of fertilizer also he has contracted for shipping space for a maximum of 26 acres' worth of strawberries also 37 acres' worth of tomatoes. An acre of strawberries needs 10 hours of labor also 8 tons of fertilizer, whereas an acre of tomatoes needs 3 hours of labor also 20 tons of fertilizer. The profit from an acre of strawberries is $400 also the profit from an acre of tomatoes is $300. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
1. Formulate a linear programming model for this trouble.2. Solve this model by using graphical analysis.
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
Illustrate what would occur to the level of domestic investment.
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Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
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how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
A farmer determined a natural gas preserve on his property.
Suppose also that ham and cheese are the only goods that this person buys and that bread is free.
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