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Q. Assume that half of cost of producing wheat is rental cost of land (a fixed cost) and half is cost of labour and machines (a variable cost). If average total cost of producing wheat is $8 and cost of wheat is $6, illustrate what would you advise farmer to do?
Q. Assume that in 2001, cost of roses was $45 per dozen and 96,000 dozen were sold in Ohio. In 2002, cost of roses was still $45 per dozen, however total sales increased. Adjust graph below to show changes in market between 2001 and 2002.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Illustrate what are the net benefits of this program. What would the net benefits be at a discount reate of 2 percent.
Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced.
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
On the graph below, use the blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for every of the five years elucidate how.
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
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