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Suppose that the amount of labor available for the production of pianos and cars is now 60 hours. You are told that Melodia is currently producing on its PPF and Melodia is producing 3 cars. Calculate how many pianos Melodia is making.
Suppose a developed nation’s economy historically had an economic growth rate of 3% but over the last 10 years, that rate hovered around 2%. In the last two years, assume it appears to have fallen further
Make a paper analyzing the current market conditions of the Airline industry including a supply and demand analysis that answers these questions:
Assume that a company has a budget of $12,000, that the wage rate is $10 per hour, and that the rental rate of capital is $ 100 per hour.
The second largest public utility in the nation is the sole provider of electricity in 32 counties of southern Florida. To meet the monthly demand for electricity in these counties, which is given by the inverse demand function P = 1,200 - 4Q, the..
The company currently has 95,000 subscribers and proposes to raise its monthly fees to $39.95 to cover add-on features such as text messaging, song downloads, game playing, and video watching. What is the new breakeven point if the variable cost incr..
Describe three ways we can use macroeconomic analysis, with one original example for each way. Using the real business cycle theory, explain two effects of an adverse technological shock on the labor market and on the output market.
You operate a delivery service in your local area, but you are thinking of expanding to another market. You're concerned that you might need to set different prices in the new market because the cost of gas might be much different.
1. Jack Sprat can eat no fat, his wife can eat no lean." Construct an Edgeworth box diagram for this pair (assuming fixed quantities of "fat" and "lean") and indicate the contract curve.
Academic response to Required Rate of return. Calculate the required rate of return.
A certain retail store sells six items: A, B, C, D, E, and F. The share of profits attributed to each item is 20%, 16%, 25%, 15%, 10%, and 14% respectively. Which of the following graphs can best be used to illustrate this information?
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
Show how the over?shing problem can result in a decline in welfare for Norway. Also show how it is possible that the over?shing problem could result in an increase in welfare for Norway.
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