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Q. Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes. For example, Fairfax schools serve oranges-14¢ each-instead of grapes, which are 25¢ a serving.Source: The Washington Post, April 14, 2008Assume that a Fairfax school has a $14 daily fruit budget.a. How many oranges a day can the school afford to serve if it serves no grapes? How many servings of grapes can the school afford each day if it serves no oranges?
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario receives 12 monthly payments of $1000 the first year, how much taxable income must he report on his tax return.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
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.
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
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