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Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour. Now they want to increase their production and exports as well. They have limited labour hours to 10 hours per working day.
a) work out the total output per day for the enterpreneurs.
AP. "The rise, and potential fall, of America's banks." MSNBC. Feb. 8,2009. (1) The governmenthas a plan to keep U.S. banks from collapsing. What do analysts expect theplan to include (2) How did we getinto this mess? Describe what happened
As part of their chores on Saturday mornings, they have to clean the bathrooms and wash the floors of the house while their parents go grocery shopping. In one hour's time, Mike can clean two bathrooms or wash six floors.
Economics 312/702 - Macroeconomics: Problem Set 1. Find the equations determining the steady state, and characterize the steady state as sharply as you can. How does having elastic labor supply (v ≠ 0) affect the steady state levels of consumption ..
Given that the half life of Radium-226 is roughly 1600 years, find a formula for the mass of Radium that remains after t years by solving a differential equation.
Topic: Analysis and evaluation of Macroeconomic performance of Australia and USA. Obtain data on key macroeconomic indicators: real GDP, interest rates, unemployment rate, CPI, exchange rate, exports and imports
What was Real GDP for 2009 - How did GDP change from 2008 and what caused these changes?
Explain whether every of the following transactions involves spot exchange, contract, or vertical integration.
Does either source (or both) describe or cite circumstances under which comparative advantage is difficult to obtain or does not play out as traditionally theorized? If so, explain these differences and summarize any associated issues. If not, exp..
Three of the biggest competitors are banking together and yet the Government is still trying to slow us down.' Should the AOL-Netscape merger alter attitudes towards the recent business practices of Microsoft?
Suppose the price of unleaded regular octane gasoline were 20 cents per gallon higher in New jersey than in Oklahoma. Do you think there would be an opportunity for arbitrage (i.e that the firms could buy gas in Oklahoma and then sell it at a profit ..
The United States is stratified into levels describing individuals' socioeconomic status: upper class, middle class, working class, and poor. Describe each level. Why is the middle class so difficult to define?
The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.
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