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Ocean water contains .9 ounces of gold per ton. Method A costs $550 per ton of water processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and will recover 60% of the metal. The two methods require the same capital investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,750 per ounce, which method should be recommended? The supply of ocean water is essentially unlimited.
Hint: Work this problem on the basis of profit per ounce of gold extracted.
q.if a firm faces a shortage of workers with very specific skills it may decide to undertake the necessary training
What is the different between quantitative easing and inflation? And how can they be explained using the graph of demand V.S supply?
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
If Starbucks introduces the world to premium blends, and demand rises substantially, illustrate what will happen in this market as it moves to a new equilibrium.
write a four to five 4-5 page paper in which you1. explain why government regulation is or is not needed citing the
Using the aggregate demand-aggregate supply diagram, explain the impact of an appreciation of the U.S. dollar on the price level and real income in the short run.
In order to rule on a potential federal grant, a government official must confirm that the average income in a Pennsylvania county is less than $12,500. A sample of 35 individuals is taken and shows a sample mean of $10,950 and a sample standard devi..
full over the last month, are you optimizing. Illustrate wow about if it is 75% full at 9 am.
Consider a survival game in which a large population of animals meet and either fight over or share a food source. There are two phenotypes in the population: one always fights, and the other always shares. Draw the payoff table for the game played b..
Suppose that there are 10 million unemployed workers in a country and 90 million employed workers. Suppose we know that the fraction of workers who lose their jobs in a given month is .02 and the probability that unemployed workers find work in a giv..
Find the autonomous expenditure and induced expenditure in this economy.
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
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