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Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. If Sarah spends $170 per week on sushi, the maximum quantity of rose bushes can she buy each week is ________ bushes. a. 33 b. 3 c.330 d. 17
Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of:
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Predatory pricing is easy to prove in a court of law. An incumbent firm may experience a learning curve that allows it to produce at a lower cost than a potential entrant. A firm receives no individual benefit from strategies that raise the marginal ..
Suppose that the government is deciding how wide to make a public road that services one resident named Bob. Bob’s willingness to pay for each meter of road is described by 20 – 2Q. Find the new optimal road width. Graph Bob’s willingness to pay (dem..
Suppose that the total revenue received by a company selling basketballs is $840 when the price is set at $30 per basketball and $840 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic,..
Assume that in 1984 the total output in a single-good economy was 7000 buckets of chicken.
List three examples of price floors or ceilings, and identify the "winners" and "losers" that result from these interventions.
What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?
Two different brands of milk are randomly samples, and the fat content in each bottle of mild is determined. Twenty six bottles of Brand A yielded an average fat content of 26 grams with a standard deviation of 5 grams, and 31 bottles of Brand B yiel..
Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?
Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $90,000 and will generate net cah inflows of $19,000 per year for 11 years. If the discount rate is 16..
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
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