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Home has 1,200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3, while in banana production it is 2.
a. Graph Home's production possibility frontier.
b. What is the opportunity cost of apples in terms of bananas?
c. In the absence of trade, what would the price of apples in terms of bananas be? Why?
assume the following data describe the gasoline market price per gallon 2.00 2.25 2.50 2.75 3.00 3.25 3.50 quantity
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What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?
Conduct a literature review to how to perofrm a learning needs assessment. Submit a minimum of 15 item annotated bibliography of literature review on performing a learning needs assessment
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Scarcity shapes decisions about how to distribute goods. Because resources are scarce consumers buy fewer good.
The specific structure of a U.S. corporation's charter and bylaws is constrained by:Corporate governance refers to aspects of the corporation such as ,If a firm purchases a part of its supplies on the open market this is called :
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
1. collect data for a countrys gdp on a quarterly basis.2. run a regression using some statistics or econometrics
What does each mean in economic terminology
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