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The Shelby Center Lemonade Stand has a fixed cost of $125 and a marginal cost of $0.25. If they sell 800 cups of lemonade at a price of $0.50 per cup, what is their profit? What is their variable cost? What is their marginal profit?
What are the pros and cons of conducting an experimental versus an observational study? What are examples of these studies? Can both types of studies be used for all projects?
a. market equilibrium requires that other influences other than price be held constant. why might the existence of
What is the difference between a price ceiling and a price floor? What will happen if a price ceiling is imposed below the market equilibrium? If a price ceiling for a good is set below the market equilibrium
Assume a country has a life expectancy of 51.5, an adult literarcy rate of 62.6 percent, a combined gross enrollement ratio of 45 percent, and GDP per capita PPP of $853.
Assume that the market demand for bus rides is given through Q=420-30P and market supply of bus rides is given through Q=30P, where Q is bus rides each week in thousands
it is an important tradition in the santos family that that they eat the same meal at their favorite restaurant every
the wealth of nations of modern economies when the federal government uses expenditures to stimulate the economy it
Mention two economic choices you had to make with in last week. Alfred Marshall said in 1890s, "economics is the study of man in ordinary business of life." You must examine one or two of these choices in terms of alternatives you gave up.
Use appropriate assumptions where required. These may help you to simplify any complexity. Selecting appropriate assumptions in economics is
sometimes a bidder on a work contract may bid lower than what would maximize hisher profitfrom the contract and the
How much will he pay out of pocket? What percentage of his expenses will this be and john earns a higher wage, and a safer environment causes his health to depreciate less rapidly. How would these two changes together affect John's desired health c..
1. the number of acres burned by forest and range fires each year in western new mexico is normally distributed
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