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compound consolidated corporation (CCC) produces containers using two inputs: labor and glue. If labor cost 10.00 per hours and glue costs 5.00 per gallon, draw CCC's budget line for a total expenditure of 100,000. In this same diagram, sketch a production indifference curve indicating that CCC can produce no more than 1,000 containers with this expenditure.
Suppose robotic technology improves the results of abdominal surgery - less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery usin this new technology?
As manager of City Racquet Club, you must determine the best price to charge for locker rentals.
What is the equilibrium price of honey? How much profit does an individual producer make in a month?
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
A county is considering using a piece of park land for one of two alternative recreation projects.
how would these cities change their size? Assuming that the total population of 13 million cannot be changed, would there be a smaller and a larger city?
Suppose that there is an increase in the demand for personal computer systems. Explain the likely effects on marginal revenue product, marginal factor cost, and the number of workers hired by the firm.
How can BIS Corporation validate model. What is impact of aggregating customers and products on model accuracy.
In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.
Illustrate what is the opportunity cost (in civilian output) of a defense buildup that raises military spending
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
Rick Nash, a player for the Columbus Blue Jackets hockey club earned $5.25 million this year. The CPI for this year is 225, base year 1983. If Rick were to maintain his current purchasing power how much would he have earned in 1983?
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