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Consider a nation that produces baseball mitts and soccer balls. The following table shows the possible combinations of the two products:
Baseball Mitts 0 2 4 6 8
Soccer Balls 30 24 18 10 0
Suppose the current combination of two products is 4 baseball mitts and 18 soccer balls. Find an opportunity cost to get one more baseball mitt.
Find an opportunity cost to get on more soccer ball.
Suppose that perfectly competitive firm faces the market price (P) $5 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output (Q) level of 1,500 units.
Keynesian economists argue that deficit spending promotes economic growth because it stimulates aggregate demand in the economy. Monetary economists argue that the benefits of deficit spending are offset by the crowding out of private investment. Gra..
Suppose a monopolist operated in an industry where the market demand is perfectly elastic (with inverse demand given by P = 30 and its cost function is T C = 100 + Q + Q^2 . calculate profit maximising P and Q. Would this be any different if the ind..
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
1. identify the relationship between resources their cost and the project schedule. explain how resources should be
Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2
The concise definition of economics is the study of choice under scarcity. Let's use this concept to analyze a recent decision that you made. Should we only evaluate monetary costs, or are there other non-monetary costs we must consider?
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
The value for F must make Matt simi- larly indifferent: Solving this equation yields Thus, the strategy profile presented is a subgame perfect Nash equilibrium when and Given this equilibrium, let's calculate the probability of Fiona and Matt e..
how is an aggregate demand curve derived? what would cause the aggregate demand curve to shift to the right? suppose
Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years.
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? Respond to at least two of your classmates.
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