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Q. A purely spirited wheat farmer can sell any wheat he grows for $20 per bushel. His 5 acres of land show diminishing returns it is because some are better suited for wheat production than others. The first acre can produce 1000 bushels of wheat, the 2nd acre 900, the third 800 as well as so on. How many bushels will each of the farmer's 5 acres produce? How much income will each acre generate? What are the TR moreover MR for each acre?
What are the similarities and differences between horizontal and vertical equity?
Suppose the money supply is currently $500 billion and the Fed wishes to increase it by $100 billion. Given a required reserve ratio of 0.25, what should it do?
the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is $100,000 trucks, what is the breakeven price for the toy truck? Should you shut down?
Explain Carver Memorial Hospital's surgeons have a new procedure that they think will decrease the time.
Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabilit
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
What is the actuarially fair price of insurance? What price are individuals w/$5000 in the bank willing to pay for the insurance?3. Will those w/$5000 in the bank voluntarily purchase insurance?
Illustrate what an identification and discussion of economic issues of special concern at the present time or in the future.
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry.
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
q1. consider the following market demand and supply curves.p9 .4 qsp30 - .3qdwhere p is the price per unit in dollars
how must you consider the issues regarding diminishing marginal returns and economies of scale.
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