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George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas. In the two-person economy that George and John set up, fish sell for 1 clamshell each, boars sell for 10 clamshells each, and bananas go for 5 clamshells a bunch. George paid John a total of 30 clamshells for helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. Illustrate what is the GDP of George's and John's island in terms of clamshells?
Add a relative demand schedule to your diagram that implies that Malaysia is incompletely specialized.
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction.
Complete this assignment by covering the implemention phase within the SDLC, Systems Analysis and Design – The Movement to Objects
If the company wishes to restore its sales to 10,000 pairs a month, illustrate what price should it charge every pair of socks.
Explain the types of incentives for providers for efficiency in the delivery of healthcare services.
Using the concept of price elasticity explain why the price of basic commodities has to be regulated in price rise.
Illustrate what marketplace structure did you assume. Would your answers in b change if the marketplace for sewing machines were competitive.
describe the current account balance, the capital account balance, and the official settlements account balance.
The effectiveness of different kinds of incentive systems: moral, material, and coercive.
The article utilize this kind of calculation to show the difference among labor productivity growth.
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
Will there be significant progress on the poverty front, because of an increase in GDP.
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