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Suppose that when the price of apples rises by 20 percent, the quantity demanded of oranges rises by 6 percent. What is the cross-price elasticity of demand between apples and oranges? Are these two goods substitutes or complements?
a firm produces according to the following production function: Q=k^.5L^.5 where q= units of output, k= units of capital, and L= units of labor. suppose that in the short run k=100. moreover, wage of labor is w=5 and price of the product
what is the SA government's standpoint on trade and protectionism?what trade policies are in place to manage our trade with the rest of the world
The Cash Flows have a present value of zero. Compute the value of J, assuming a 10 percent interest rate. 0 100 - 1(year(s) 100 - 2 100 -3 4 5 6- J 7-J 8-J
The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under t..
yi szlig1xi1 szlig2xi2 szlig3xi3 szlig4xi4 eifor the hypothesis h0 szlig21 szlig3 szlig4a propose a test statistic
consider a modified scenario where a potential worker invests in years of education. Each year of education costs a motivated worker $10,000 in terms of disutility and an unmotivated worker $20,000 in terms of disutility.
A business requires an initial investment of $800000 and annual operating cost of $100000. It generates an annual income of $500000 and a salvage value of $500000 after 4 years . At MARR = 10% and an effective tax rate of 30%, evaluate this invest..
What would be the dollar value of the recessionary gap What would be the potential GDP number corresponding to a natural rate of 7% What would be the value of the expansionary gap
A packaging company needs to know the rate of return on a process which will cost $60,000, have an income of $25,000 per year, have an operating cost of $5,600 per year, and have a salvage value of $7,000 at the end of its five year life.
A common marketing tactic among many liquor stores is to offer their clientele quantity (or volume) discounts. For instance, the second-leading brand of wine exported from Chile sells in the United States $8 per bottle if the consumer purchases up..
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange ..
Suppose that the production of crayons (q) is conducted at two locations and uses only labor as an input.The production function in location 1 by Q1=10Lx^0.5 and in location 2 by Q2=50Ly^0.5
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