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If the demand for corn increases due to its use as an alternative energy source, what will happen to the supply of corn's substitute such as soybean? Assume that, besides being substitutes for one another, corn and soybeans require the same raw material, such as the same farm land. Think about whether farmers will use their soybean farms to produce more or less corn. Explain, in economic terms [e.g. supply determinants], why this is so. [2] What will happen to the price of corn oil? [3] How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Walmart founder Sam Walton amassed an enormous fortune in discounts retailing one of the most viciously competitive markets imaginable.
Illustrate what is the GDP of George's and John's island in terms of clamshells.
Conclude the optimal number of bran muffins to sell in a single package also the optimal package price. Elucidate how all step by step calculations to arrive at solution.
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
Demonstrate provide/demand curves also equilibrium for the USA, assuming no imports.
You can either imagine which your organization has received a complaint from a customer or client about a product
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
Explain what do you think McDonald's new launch will have a sustainable impact on its bottom line.
Jack is in the umbrella making business. The economic cost of each umbrella is $2. Illustrate what are the formulae for both the average economic cost curve and marginal cost curve.
elucidate the effects of such expectations on the following variables today: output (Y), nominal interest rate (i), exchange rate (E), investment (I) and trade balance
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