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Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels of squash d.) 5 bushels of squash 20.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Assume that society changed as well as encouraged both young women as well as young men to consider a wide range of careers.
Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.
as government subsidizes investment likely with an investment tax credit the subsidy often applies to only various
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
what is the return on operating capital that BIDDLE is currently deriving? Then if J.P. Morgan chase is loaning operating capital to the company at 7.5%, what is the cost of capital for the BIDDLE Company and is the company covering opportunity c..
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods. Of all the machines considered
when given 5 costs also quantities over 5 months also asked for the arc cost elasticity of demand.
Elucidate why from an economic point of view towing a car illegally parked rather than just ticketing it provides a better incentive.
q1. suppose that the terms of trade of a nation improved from 100 to 110 over a given period of time.a by how much did
Determine its level of profit. (b) Suppose that a fixed costs increase to $75. Verify that this change in fixed costs does not affect the firm's optimal output.
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