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If 1 seed is 120$, and farmer may earn 2 bushels of wheat from 1 seed, then 5 bushels of wheat from 2 seed and 8 bushels of wheat from 3 seeds then the total cost is increasing in which of the following ways if there are no any fixed cost, a. increasing at an increasing rate, b. increasing at an constant rate, c. increasing at an decreasing rate, d. decreasing
the economic analysis division of mapco enterprises has estimated the demand function for its line of weed trimmers as
How much more labour will workers wish to supply than the firm will want to hire?
amy has a utility functionuxyz x2lnylnza what kind of preferences does amy have? explain. what does this mean for her
a doctoral student has just completed a study for her dissertation and found the following demand and supply
Find the new equilibrium interest rate in the loanable funds market given this government deficit and modeling the deficit on the demand side of the market. Then, calculate the change in the level of investment in this economy due to this governme..
17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.
What is the market price of the product and draw the social demand curve and what is the socially optimal output - By how much does the market overproduce this good?
First-degree price discrimination- occurs when a firm charges each consumer the maximum price he or she would be willing to pay for each unit of the good purchased. results in the firm extracting all surpluses from consumers.
Yet, watermelon prices are normally lower in summer than in winter. Use the demand and supply theory to demonstrate how this is possible
A bank offers a nominal interest rate of 1.79% continuously compounded. What is the annual effective interest rate as a percent? Calculate ans to 2 decimal places
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