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Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Gary 10 hours to do the required calculation and 10 hours to prepare the slides. It would take Diane 12 hours to do the calculations and 20 hours to prepare the slides.a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally?b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides?c. If Diane and Gary have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides?3. Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50. Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is $20. Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals? Explain.
Illustrate what can you determine about consumer demand for your product from this information
Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area.
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Let's say, country A and B both consume and produce only food and clothing. Both countries use only labor to create these two products.
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One cornerstone of President George W. Bush's economic policy during his first term in office was tax cuts targeted towards high income and high net worth households. Under his proposals the marginal tax rate applied to capital gains taxes has bee..
Elucidate the dispute resolution options available to Bobbie Sue and Suzy Q and the primary differences between each option.
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Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
Explain how does each of the following affect the aggregate demand curve?
Suppose the Lexington mayor caps the amount police can ne speeding motorists at $500. The police vow to step up enforcement in order to cintinue to deter speeding. How high must the probability of being caught speeding be in order to deter most pe..
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