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Europeans lead the world in terms of the quantity of genetically modified (GM) foods consumed.
True
False
In Germany, labor-management relations tend to be even more antagonistic than in the US.
In the struggle and lobbying for political influence, smaller groups tend to lose out to larger groups.
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Suppose the government passes a law that reduces unemployment benefits in a way that c..
The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 600 - 20 Pl . The marginal c..
Suppose that in the short run k=100. Moreover, wage of labor is w=5 and price of the product is p=10. What are the optimal units of labor?
You are the manager of a monopoly. A typical consumer’s inverse demand function for your firm’s product is P=100-20Q, and your cost function is C=20Q. Determine the optimal two-part pricing strategy. How much additional profit do you earn using a two..
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q. W..
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
An industrial firm can purchase a special machine for $22,000. A down payment of $2,500 is required, and the balance can be paid in 5 equal year-end-installments at 14% interest on the unpaid balance. As an alternative the machine can be purchased fo..
Discuss the major obstacles to economic growth facing in "Libya" and give your advice as an economist on how to solve these issues.
Milliken uses a digitally controlled “dyer” for placing intricate and integrated patterns on manufactured carpet squares for home and commercial use. It is purchased for $400,000. It is expected to last 8 years and have a salvage value of $30,000.
Johnny is an impoverished college student who works at a bakery full time while attending school. After spending money on rent, tuition, and books, he only has $80/month left over to spend on food. The good thing about his job is that he gets to take..
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
a fictional survey shows a decrease in drug use by young people in brooklyn. in the ensuing debate two hypotheses for
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