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In the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers. If the probability that any shipment of marijuana is seized is 0.20 and the fine if a shipper is caught is $20 per ounce, what is the equilibrium price for marijuana?
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
Find the demand for L and R. (Hint: Use your result from part 3 and the budget constraint.) Now assume that the price of right shoes increases. What will be the substitu- tion eect from this price change? Explain.
What will be his economic profit. How much consumer surplus is generated each day at this price. Illustrate what is the socially efficient number of portraits.
You're the manager of xyz inc. also must decide Elucidate how much output to maximize your firm's profit.
Each day Paul, who is in third grade, eats lunch at school. He likes only twinikies (t) and soda (s), and these provide him a utility of utility = U(t,s)=(ts)^1/2. If twinkies cost $0.10 each and soda costs $0.25 per cup, how should paul spend the $..
q.the short-run production function for a manufacturer of flash memory drives is shown in the table below. based on
Suppose that a firm’s production function is given by Q = KL + K. At point A, the firm uses K= 3 units of capital and L = 5 units of labor. At point B, along the same isoquant, the firm would only use 1 unit of capital.
Assume a specific factors economy produces two goods, cloth and food, and that when representing the output of this economy graphically, cloth is on the x-axis and food is on the y-axis. movement of labor from a Foreign country to the domestic (Home)..
-analyze the usa financial meltdown that happened in 2008-2009. this crisis was partially caused by the reward systems
Corporate Strategies are divided to long-term and short-term.
What should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.
q. as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort
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