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Ten people are shipwrecked with water for only ten person days, but it will take at least 10 days to reach shore( a person dies after ine day without water)
1. How would a Rawlsian allocate the water?
2. How would a Utilitarian allocate the water?
3. Draw the production possibility curve for two people in the above situation ( but with two days of water and two days of travel)
County is considering using a piece of park land for one of two alternative recreation projects. Project A would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
One unit of labor can produce either 4 tons of papayas or 1 ton of bananas. Elucidate type of economic analysis is limited to testable, verifiable statements.
Need Stage 2 paper - Business Process Analysis. Need APA format paper that is 3-4 pages with 2 references cited.Before you begin this assignment, be sure you:1. Have completed all previously assigned readings, particularly those assigned in Week 2..
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
A particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?
Gina has the choice of two bonds, one that pays 5 percent interest and the other that pays 10 percent interest. Which of the following is most likely?
If this were the case would there be any automatic stabilizers in the government economy. Would there be any distinction between the full-employment deficit also actual budget deficits.
A high pressure pump at a methane gas (bio fuel) plant in Memphis costs $29000 for installation and has an estimated life of 12 years. By the addition of a specialized piece of auxiliary equipment, The maximum expenditure for the auxiliary equipment ..
When other companies refused to follow the increase, American Airlines made an attempt to gain customers in the competitors' markets by applying aggressive discounts on the tariffs.
q.an individual has a comparative advantage in the production of a particular good if she can produce it at a lower
Why might college students’ price elasticity for vacation rentals on HHI be 3.0 while active seniors’ price elasticity be 1.0?
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
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