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The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:- There are two fields whose total area is 1800 square yards. One produces grain at the rate of 2/3 of a bushel per square yard while the other produces grain at the rate of 1/2 a bushel per square yard. If the total yield is 1100 bushels, what is the size of each field?
what topic or topics of interest have you found at the markkula center?can you apply one two or all three moral
Consider a competitive firm's demand for a factor of production as a function of the factor price when prices of other factors are given. let us consider two case-The quantity of output is fixed, The price of the product is fixed. the elasticity of d..
What happens to social welfare (the sum of consumer surplus and producer profit) as a result of the threat of entry in this market? What happens to equilibrium price? What might this imply about the role of potential competition in limiting market..
a manufacturer is considering purchasing equipment, which will have the following financial effects: Year Disbursements Receipts If money is worth 6%, should he invest in the equipment?
discuss the differences between rigid and nonrigid containers. discussing the importance of load securing in
what is likely the single most effective step that a company can take to set ethical standards? choose one answer.a.
Could someone please explain this I think it means that because of the large crop, farmers' incomes will fall because of the increase supply per farmer. Prices would then have to be competitively low to sell due to the high supply and as such the ..
A survey of 800 workers indicated that approximately 465 have invested in an individual retirement account. Motional data suggests that 48% of workers invest in individual retirement accounts. Test an appropriate hypothesis with a=0.05 and state your..
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
Five annual deposits in the amounts of ($1,200, $1,000, $800, $600, and $400) are made into a fund that pays interest at a rate of 9% compounded annually.
after two quarters of increasing levels of production the ceo of canadian fabrication amp design was upset to learn
the manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -2.
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