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The Baltimore Crab House currently has 2? workers, and is considering adding a third. If a third worker is added at a cost of? $100, and that third worker can increase the number of crabs processed from 150 to 200. The? short-run marginal cost of processing these extra 50 crabs is ?$________.
?(Enter your response as a whole? number.)
The Baltimore Crab House is now considering adding a fourth worker who would cost an additional? $100. This fourth? worker, however, would only increase output from 200 to 235. The? short-run marginal cost of processing these extra 35 crabs is ?$________.
?(Enter your response rounded to two decimal? places.)
Explain two distinct factors through which geography can affect a country's income and prosperity. For both of these factors described in part A, discuss whether you think the effect of these on a country's income is fixed over time or whether the ef..
Why do we policies in place to correct for externalities that result from the use of fossil fuels but not for externalities that result from the color yellow or country music (or pick something you dislike that isn't taxed)?
The initial impetus for the Food Drug and Cosmetic Act and the Pure Vaccine Act included:
The model of aggregate demand and aggregate supply
The special demand structure that induces a firm to use a cross-subsidization strategy is:
In the United States, the Federal Reserve frequently engages in buying and selling of the government securities as well as other policies. In recent years, the Fed has reduced the Discount Rate several times. The Fed has also purchased substantial am..
Suppose you are the manager of the only theatre in town that plays Shakespeare. You found that the quantity demanded for your tickets decreases from 160 to 150 when the ticket price increases from $44 to $49. What is the price elasticity of demand fo..
The Venezuelan bolivar has been steadily depreciating against the US dollar, but the government wishes to stop the depreciation. What must the Banco Central de Venezuela do to stabilize the exchange rate? Is there a limit to how much it can intervene..
If the bond matures in five years and Jerry can buy one now for £3500, elucidate what is his IRR for this investment.
First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and cap..
Discusses some of the factors that can make the results of a regression analysis more useful or less useful to managers who are seeking to predict future costs for their companies. Looking for an explanation that will be about a page or more long.
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