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Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour. Illustrate your answers with diagrams.
Compare and contrast the lives and contributions of "the men who built America" to the lives of their workers. How and what did each of these groups contribute to country? How did people like Rockefeller and Carnegie rationalize their extreme wealth?
Describe some forms of government spending that represent consumption ad some forms that represent investment.
Compute the Learner index if the marginal cost of producing Lipitor is $0.30 per pill. Does the Lerner index make sense in this situation.
Which of the following is a possible negative result of the large U.S. external debt is:
A renewable natural resource is one that can't be used without reducing the stock of the resource for subsequent use. An exhaustible natural resource is often managed in a manner that makes some of it available for future use. Oil and coal are renewa..
Elmer Fudd likes to hunt “wabbits” but also likes to hunt duck. His utility function can be expressed as U(W,D)= 1/(-(2W^2+D^2 )^2 ). Solve for the marginal utility of both “wabbits” and duck. Write the tangency condition, what can you tell me about ..
Raytheon is producing an air-to-air missile. The cost of the 500th missile is estimated to be $300,000 and the learning curve is 88%. What is the estimated cost of the 600th missile? What is the total cost of the lot of missiles from unit 601 to unit..
Write a 4-5 page paper in which you: 1.develop and discuss a relationship that can be modeled with a simple regression.2. State the model in mathematical terms. 3. Estimate the model and interpret the meaning of the coefficient estimates.
An examination of the right of an individual to health care and the impact health care funding can have on social welfare - Jennifer Jonh-Yar Bukrs is now an advocate of privatization of health care.
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
You supervise an aging production line that constantly needs maintenance and new parts. Last month you spent $25,000 replacing a failed controller. Should the following plan be accepted if the interest rate is 15%. The net installed cost of the new l..
Jenny is starting a bakery and needs some help with pricing the muffins. Since she knows you have studied pricing, please help her to determine the following. The muffins cost $0.35 to produce. She would like to sell them for $1.20. What is the mark-..
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