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One day, grandma baked a cake with a square top and dimensions 30cm x 30cm x 10cm. What is a simple strategy for cutting the cake into 9 equal pieces? The next day, grandma baked another cake with the same dimensions. This time, she put a thin layer of icing on top and on all four sides but not on the bottom. What is a simple strategy for cutting such a cake into 9 pieces such that all pieces have the same amount of cake by volume and the same amount of icing by surface area?
What is the difference in profit maximization between the perfect competitor and all other types of firms? Economic profit is the difference between a firm's total revenue and its
What happens to hours of work when non-labor income decreases? Does such a non-labor income change generate a substitution effect? Why might we expect welfare programs create work disincentives? What happens to the probability that a particular perso..
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $750,000 from Shen, a client of First Main Street Bank. H..
The price elasticity of demand for a good is -1.1, and consumers currently purchase 114 units of the good. Find the change in units demanded when the price changes 9 percent. Round your answer to two decimals.
Watch a video about a famous company, such as Google, Apple, or Walmart, that focuseson its treatment of workers and customers
The creation of new bank reserves could lead to a multiple increase in the money supply. Contractionary monetary policy shifts the reserve supply schedule inward. When a government intentionally lowers the value of its currency, that is called deprec..
If your stock broker tells you that you should buy stock in Ford as it has devised a new hybrid enerty system that will reduce consumption of fuel by 90%, would you follow this advice and buy Ford's stock?
What are the defining characteristics of the luxury goods industry? What is the industry like? (Describe market size and growth rate, scope of rivalry, consumer characteristics, degree of product differentiation, etc.) How is the market for luxury ha..
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
A firm is considering an investment that will earn a 6% rate of return. If it were to borrow the money, it would have to pay 8% interest on the loan, but it currently has the cash, so it will not need to borrow. Should the firm make the investment?
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