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Q. Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes. For example, Fairfax schools serve oranges-14¢ each-instead of grapes, which are 25¢ a serving.Source: The Washington Post, April 14, 2008Assume that a Fairfax school has a $14 daily fruit budget.a. How many oranges a day can the school afford to serve if it serves no grapes? How many servings of grapes can the school afford each day if it serves no oranges?
A major industrial firm decides to spend $2,000,000 to purchase new machines for a factory. If the marginal propensity to consume is 0.8, the eventual change in GDP will be?
As per to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. Elucidate is a company violating the optimality rule.
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies.
how much of the differences in output per worker between Spain and India can be explained by differences in total factor productivity and how much can be explained by differences in capital per worker.
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time.
The research department of Wilson has discovered a new technology on how to make more durable tennis balls and is considering whether or not to adopt the new technique.
Consider the elasticity of supply. In the short run, a elucidate how many popsicles will be sold each day in the short run if the price rises.
Using the midpoint method, what is the cross price elasticity of the demand for apple juice with regard to the price of orange juice
Do you see our communities growing closer together or further apart. One page double spaced.
Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
This is the conclusion reached by the reporter who covered the vigorous price competition between Borders also Barnes & Noble in Fort Worth region during the 2006 holiday shopping season.
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