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Q1. Wanda owns a fish shop. She employs students to sort and pack the fish. Students can pack the following amounts of fish in an hour. Wanda can sell her fish for 33.33 cents a pound, and the wage rate of packers is $7.50 an hour.
Q2. What steps can a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept?
the achievement of which will not selectively also materially benefit the membership or the activities of the organization" are called.
You are manager of BlackSpot Computers, which competed directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses' prospective, the two products are indistinguishable.
A county is considering using a piece of park land for one of two alternative recreation projects.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies, giving specific examples, would help move the economy back to potential output.
Elucidate why relatively flat as opposite relatively steep worker demand curves are more consistent with the empirical observation.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
What a man needs to help provide a college education for his young daughter. He can afford to invest $800/yr for the next four years, beginning on the girl's fourth birthday.
Trading partners should specialize production in accordance with comparative advantage, then trade and diversify in consumption because
Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect to Good X.
If your analysis period (study period) is just three years, what should be the salvage value of project A2 at the end of year 3 to make the two alternatives economically indifferent?
Discuss how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
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