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If you continue with the example of Problem 1, which country has an absolute advantage in wine? in wool? Which country has a comparative advantage in wine? in wool?
CHEMCO operates two plants, A and B, which produce the same product. The capacity of Plant A is 60,000 gallons while that of plant B is 80,000 gallons. The annual fixed cost of Plant A is $2,600,000 per year and the Variable cost is $32 per gallon..
Leon and Heidi decided to invest $3,000 annually for only the first eight years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65
Why is self-regulation by the audit profession in the US no longer in place?
calculate the size of the labor force, the labor force participation rate, and the unemployment rate by using population:100,000 Employed:60,000 Unemployed:3,000
Is the ATC sloping up or down at the current equilibrium? [Hint: is the MC above or below the ATC at the chosen output?]
If the product price is $75 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss. How much will the profit or loss be. If the product price is $45 at its optimal output, will the firm realize an ec..
given data: RA = 0.18 ohm, Radj = 10 ohm, NF = 1000 turns per pole, VF = 120V, RF = 20 ohm. This is a shunt connected generator with a speed of 1800 r/min. A. what is the no load terminal voltage of the generator
Consider an investment project with the following cash flows: n Porject A Project B 0 -$150,000 -$120,000 1 $30,000 $25,000 2 $25,000 $15,000 3 $120,000 $110,000 A) Compute the IRR for each investment B) At MARR= 15% determine the acceptability of..
Unique Creation holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC= $100,000 + 20Q a. what is the marginal cost for Unique c. what is the marginal revenue at the price compute..
The consultant uses data to estimate the following equation: Q = 1,500 - 4P + 5A +10I + 3PX where Q is the amount demanded per period; P is the price of the product in dollars; A is advertising expenditures in thousands of dollars
For the High-Productivity Group K the cost of attaining an educational level y is CH(y)=$5000y And for the Low-Productivity Group M the cost of attaining that level is CL(y)=$10,000y Employees will be offered $30,000
Think about the statement above and relate it to what you have learned in Chapter 4. What caused prices to rise and then to fall? Are there other products that may have experienced changes in prices as a result of Hurricane Irene? Why?
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