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U.S. Production Possibilities Bread Avocados (loaves) (bushels) A 100 0 B 80 10 C 60 20 D 40 30 E 20 40 F 0 50 Chile Production Possibilities Bread Avocados (loaves) (bushels) G 15 0 H 12 12 I 9 24 J 6 36 K 3 48 L 0 60 Given the production possibilities schedules for the United States and Chile, which product should Chile produce if it is to produce the good for which it has a comparative advantage? Answer bread avocados neither bread nor avocados both bread and avocados
Kristen and Anna live in the beach town of Santa Monica. They own a small business in which they make wristbands and pot holders and sell them to people on the beach. As shown in the table, Kristen can make 15 wristbands per hour but only 3 pot holde..
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
In March 2012, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securities $200 in March 2052, but investors would receive nothing until then. ..
Studies Explain how among which of the delivery curve bananas have shifted. All of the subsequent could be possible explanations for the shift except one. Which is the exemption.
Suppose there are 200 identical firms in a perfect competitive industry. Moreover, assume that each firm has the following short run cost function: C(q) = 0.5q2 + 5q + 20.a) Compute the short-run supply curve for a single firm, expressing q as a func..
1. Define business cycles. How is national debt affected by business cycles?
Prepare a project based on the topic of regional product integration
How do you use the cost minimization factor come up with $16 for the price of land for the below question: You run a small farm. You employ workers, you rent land and you rent capital in order to grow the produce. If marginal product per dollar of ca..
Some examples of tacit collusion include:
The Independent Department Store wants to determine the proportion of their charge accounts that have an unpaid balance of $1,500 or more. A sample of 250 accounts revealed that 100 of them had an unpaid balance of $1,500 or more. What is the 99 perc..
Suppose the Fed decided to purchase $50 billion worth of government securities in the open market. What impact would this action have on the economy? Specifically, answer the following questions:
The inflation rate of Price land is at 3%. It is predicted to stay at 3% for the next 5 years, and drop to (and stay at) 2% after 5 years. What is the PW of a cash flow that pays $1000 per year forever if the real rate of return is 5%?
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