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If consumers perceive several goods to be homogeneous, they believe the goods to be,
a. perfect complements
b. perfect substitutes
c. of poor quality
d. inelastic with respect to price
We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. Elucidate the effective rate of protection on the process of turning corn into ethanol.
Operating and maintenance expenses for a truck increase by $400/year for the first 5 years of operation. First-year O&M expenses are $2,400. The initial cost of a truck is $8400, estimated salvage value after 4 years is $2,400, and the salvage after ..
Elucidate how has the number of payroll jobs changed over the last 3 months and over last year in Antigua and Barbuda.
The value of the recreation has been conservatively set at$0.50 per hour. At a discount rate of 3% per year, what is the B/C ratio for the project?
Elucidate how much will each worker have to pay per unit to provide the socially efficient quantity.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Idaho farmers can sell as large a quantity of their potato crop as they which,
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. In offering such training programs, is a company violating the optimality rule?
It is priced at only $400. Suppose your opportunity cost of funds is 5 percent , which refrigerator should you purchase.
What is the balance due on the original mortgage if 20 payments have been made in the last 5 years?
Explain how the U.S. economy may self-correct back to the long-run equilibrium where actual GDP equals to full GDP and there is full employment.
q. the following is a report from a not-very-efficient bls survey taker there were 90 people in the houses i visited.
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