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Country x can produce either 30 tons of vegetables or 30 tons of chicken. Country Y can produce either 20 tons of vegetables or 10 tons of chicken. Country x allocates 40% of its labor to vegetables, while country y allocates 20% of its labor to vegetables. In total how many tons of vegetables and chicken do they produce?
Does the company behave like a monopoly or more like a competitive firm Has the monopoly been cited for monopoly behavior If so, discuss the behavior and the final outcome of the case. (Hint: Both Microsoft and Wal-Mart have been found guilty of m..
the cost of transporting goods and the price of obtaining information has decreased substantially over the past 100
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and prolonged inflationary trend. What changes in (a) the reserve ratio, (b) the discount rate.
In the aftermath of September 11 terrorist attacks, the quantity of sold airline tickets in 2002 fell by a large percentage when compared to 2001. During the same time period the average price for airling tickets also fell.
Assuming there is no change in either demand or the firms' cost curves, explain what will happen in the long run to the price of fertilizer, marginal cost, average total cost, the quantity supplied by each firm, and the total quantity supplied to ..
Do you think normal market forces adequately promote the sustainable development of non-renewable resources?
Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
1 good reason why quantity demanded increases when its price falls is that the: a. lower price shifts the supply curve to the left b. lower price shifts the demand curve to the left c. lower price shifts the demand curve to the right d. lower price e..
1. in the following examples explain what we mean by a causal effecta the impact of education on wagesb the impact of
what was an example of the significant run-up in oil prices from 2005-2010. an aggregate demand shock that increased the price level and increased the rate of growth of real GDP.
indifference theory can explain all rational choices and behavior.try the theoryout on this situation. suppose the only
Calculate the two error measures that you used in other model analysis and comment on the acceptability of the size of the measure.
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