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Q. mark can produce 20 baseballs in a month and katie can produce 25 baseballs in a month. Mark can produce 10 bats in a month and katie can produce 15 bats in a month. What is katies opportunity cost of producing 30 bats?
Q. Explain how marginal analysis affects goods and services, efficiency, equity, and the market economy.
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
Elucidate what is the new market price. How many Frisbees are sold angry students marched to Washington, asked Frisbee price.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
how will Kristine s consumption pattern and welfare be affected
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Illustrate what is the lowland of far southeastern India that borders the Indian Ocean also contains the city of madras.
Explain 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.
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
Explicidate that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale as long as there is some point that yields a positive profit.
Congress does not have enough votes to override a veto. Draw a tree for this game and ?nd the rollback equilibrium.
Using marketplace equilibrium why do baseball players also CEOs make more money than your lowly Economics instructor.
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