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Q. Assume that a worker in Boat land can produce either 5 units of wheat or 25 units of fish every year also a worker in Farmland can produce either 25 units of wheat or 5 units of fish every year. There are 30 workers in each country. No trade occurs between the 2 countries. Boat land produces also consumes 75 units of wheat also 375 units of fish every year while Farmland produces also consumes 375 units of wheat also 75 units of fish every year. If trade were to occur, Boat land would trade 90 units of fish to Farmland in exchange for 80 units of wheat. If Boat land now completely specializes in fish production, elucidate how many units of fish could it now consume along with the 80 units of imported wheat?
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other.
Each firm can monitor the other's price very closely and can respond instantly
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Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years.
The ABC Corporation is contemplating purchasing a new computer system that would yield a before-tax return.
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Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
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