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Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities?
8 units of F and 3 units of S
14 units of F and 2 units of S
0 units of F and 6 units of S
20 units of F and 15 units of S
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
Differences in productivity are usually the major force behind differences in wages and unit labor costs. Suppose that a single unskilled worker at a pottery factory in Mexico can produce 1 mug per hour. With regard to mug production, how much higher..
Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity cost of producing a pane of stained glass is 10 pairs of jeans.
A tax cut has just been announced. Congressman Growth states that its effect will be on the supply side, Congress Stable states that its effect will be on the demand side. Demonstrate graphically the effect of the tax cut on the price level and outpu..
q1. discuss one recent price change that you have noticed while visiting your local supermarket. determine whether or
A company is considering a new bottle-capping machine. The initial cost of the machine is 300,000 SR and it has a 20 year life. Yearly maintenance cost is estimated to be 15000 per year. The machine required a major overhaul costing 50000 at the end ..
What category pf civil litigation constituted the highest percentage of lawsuit in 1980? Which category grew the most? Which category basically fell to zero? Personal injury, tax, condemnation, accounts / contracts / notes, reciprocals / urea, divorc..
Illustrate what is the relative labor supply in the economy. Derive it and draw it in the same picture as in part (a). Calculate the equilibrium relative price of labor.
Think of a time when a company had to deliver bad news to you. It could be an order that was delayed or not fulfilled, a security breach that put your password or account information at risk, etc. Describe how the situation was handled. Which part..
Why does hedging usually take place with a forward contract.
Assume that the potato chip industry in the Northwest in 2011 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return. By assuming that the monopolist is a profit-maximizer, indicate on the gra..
GreasySteak Corp. has $350,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $600,000, and its net income after taxes was $30,000. Stockholders recently voted in a new management team that has promise..
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