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Q1. what is michelle's opportunity cost of producing potatoes what is michelle's cost of producing chickens illustrate what is james cost of producing potatoes illustrate what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
Q2. Suppose that Country A and Country B currently (in 2011) have identical PPF's. However, Country A devotes only 5% of its resources to the production of capital goods, whereas Country B devotes 30% of its resources to the production of capital goods. Which country is likely to experience more rapid economic growth in the future? If you were to draw the two nations' PPF's on the same graph, which would be farther to the right? (i.e., which country's PPF would lie farther out from the origin)?
Conclude the change in demand when PX increases to 80. Conclude the exact amounts of the income also substitution effects for X.
Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
Explain how will this event affect the equilibrium price and quantity of Florida oranges.
Canon will receive payment from its dealers on August 28th, 2012. Assuming which Canon needs to cover its expenses in Japan
Find out the CPI in the subsequent year also the rate of inflation between the base year also the subsequent year.
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
A brief description of the historical context in which the Washington agreement arose. The aim of the Washington agreement with regard to government intervention in the economy.
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