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Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals. In 1 day, Rob can produce either 10 cows or 20 pigs. In 1 day, Big can produce either 9 cows or 36 pigs. Assume that Rob and Big decide to specialize completely and trade with one another. Over the course of 1 month (30 days), Rob will produce ____ cows and ___ pigs while Big will produce _____ cows and ____ pigs.
After specialization, suppose that Rob and Big trade with each other and Rob sends Big 87.0 cows. In order for both Rob and Big to benefit from trade, Big must send Rob more than: (round your answers to two decimal places)
_____ Number pigs and fewer than
_____Number pigs
Roma was a schoolteacher and earned $40,000. But she enjoys creating cartoons, so at the beginning of 2003, Roma quit teaching.
Supposes cost of consumer market basket rose from $200 in base year to $225 in current year. Calculate CPI in current year and percentage change in prices between base year and current year.
How could a company go about meeting those needs and thus motivate you to work better and harder.
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve. Use the calculus formula to calculate the point elasticity at the price of $4.00. Give a verbal interpretation of this elasticity. Is th..
1. assume that a state government currently provides no child care subsidies to working single parents excluding that
Are the dual goals of economic development and the reduction of population pressure on the envrionment compatible or conflicting objectives?
Assume you and your roommate have started a bagel deliver service on campus. List out some of your fixed costs and discuss why they are fixed.
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
How big should hash table be to ensure a mean hash chain length of less than 1. Assume that hash table size is a power of two.
Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most resemble?
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