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There are six equally productive individuals on the island. Each person can gather 25 coconuts in one day or build one hut in a day.
a) Draw the production possibilities frontier of the trade off between coconuts and huts.
b) Compute the opportunity cost of building two more huts in one day
Since she sleeps 9 hours a night, the maximum number of hours she can work a month (taken as 30 days) is 450. She gets pleasure not only from her spending money but also from her leisure hours. Draw her budget constraint in leisure-expenditure spa..
A firm has a long-run cost function C1(y) = y^3 - 10y^2 + 30y. 1) Derive the firm's long-run average cost function 2) Derive the firm's long-run marginal cost function 3) Find the level of production with the lowest average cost 4) What is..
show nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data. Instructions: Round your answers to two decimal places.
Illustrate what conclusions can you draw about this period by comparing this cycle to the previous business cycles. You may want to check the links to the two most recent Announcement Dates for further information.
Discuss some differences between content theories and process theories, include how these relate to validity and reliability. Using your explanation, present some aspect of how theory informs organizational practice. Give an example of a practice ..
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
Illustrate what components would be comprised in the spreadsheet. Explain how could you perform sensitivity analysis on the spread sheet.
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
Some company have an advantage of being alone in their industry/market. What might that organization do to maintain that situation.
According to the Solow growth model, how would a permanent increase in energy prices affect capital per worker and consumption per worker in the long run (that is in the steady state) Explain using a graph. b. In an endogenous growth model
How would your advice to the company be affected by the release of the 2020 Pharmaceutical Development Program?
Elucidate what are the differences among horizontal, vertical, and conglomerate mergers. Is one type preferable from the view of anti-trust policy.
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