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Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers.
1. What is the opportunity cost of an aircraft carrier?
2. What is the implied price of the carrier in trade?
3. If another country offers to provide one aircraft carrier in exchange for six planes, should the offer be accepted?
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
question 1. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per
The proponents of rational expectations believe that: There will be a substantial time lag before people anticipate the eventual effects of a shift to a more expansionary macro-policy. Macro-policies that stimulate demand and place upward pressure on..
Show what happens to the individual demand curve for QY if income increases to 150. (As before, you are only required to calculation the quantity demand for the prices 2, 4, 5, and 10. You can then impute a reasonable approximation of the rest of the..
If the manager of the open market desk hears that a snowstorm is about to strike New York City, making it difficult to present checks for payment there and so raising the float, what defensive open market operations will the manager undertake?
Derive the average cost of producing 100,000, 200,000, 300,000, and 400,000 devices per year with plant A. (For outputs exceeding the capacity of a single plant, assume that more than one plant of this type is built.)
Solve the utility maximization problem for a consumer
given equationtc18q3-1.5q211.5qp37-0.01qdemandp10.01qsupplyquestions1. what would be the long run price and quantity
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, What is the most effective way of decreasing the quantity of drugs consumed
1. actions managers take to attain the firms goalsnbsp tactics plans strategy goals2. performing activities that
what is the golden rule of profit maximization? explain why the rule maximizes profits. why are economic profits zero
A group of five students has decided to form a company to publish a guide to eating establishments located in the vicinity of all major college and university campuses in Texas. In planning for an initial publication of 6,000 copies, they estimate..
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