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What are the most important factors inhibiting growth in the LDCs? Why is capital shortage alone not the most important factor? How do some of the factors interact with each other?
If the demand curve for the Kansas City Chiefs' tickets was Q= 500,000 - 200p and their marginal cost=0, then,a. How many tickets would the team be able to sell (ignoring capacity constraints) if it behaved as if it were in a competitive market? M..
Explain why the government has to be so active in keeping GDP on target in this case.
Sonic Boom Corporation sells drum sets. At a price of $600 per set, they sold about 500 sets per month. The new general manager for this product, Eli Sticity, decided that the company needed more revenues and increased the price to $700 per set.
Find the Pareto optimal amount of fireworks for Galway
let x denote the reaction time in seconds to a certain stimulus and y denote the temperature f at which a certain
Suppose the market demand function for ice cream is and the market supply function for ice cream is , both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream.
Determine the reaction function for each firm. Firm 1: Q1 = - Q2, Firm 2: Q2 = - Q1 b. Calculate each firm's equilibrium output. c. Calculate the equilibrium market price. d. Calculate the profit each firm earns in equilibrium.
Five separate projects have calculated rates of return of 7, 11, 15, 18, and 20 percent per year. An engineer wants to know which projects to accept on the basis of the rate of return. She learns from the finance department
compute the demand schedule showing the number of workers hired for all wages from zero to $100 a day. What happens to this demand curve if the price of output rises from $10 to $12 per unit?
Now suppose world relative demand takes the following form: Demand for apples/demand for bananas = price of bananas/price of apples.
A chemical company is considering two processes for making cationic polymer. Process A will have a first cost of $100,000 and an annual operating cost of $60,000. Process B will have a first cost of $165,000. If both processes will be adequate for..
Show the impact of this event on the market for agricultural land in Brazil in Exhibit 2. What has happened to the marginal product of land and the rental price of land in Brazil?
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