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Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making
(a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1 cake will become more than 2 pizzas
What is a commercial bank and how do they act and what is a security? Name 2 or 3 different type of securities?
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P. Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___
q. what is the value of a piece of land? consider the following scenarios.1 suppose that you own a farm run by tenants.
GM is opening a dealership in the Germany, they want to make sure they can make a rate of 20% rate of return that is promised by an alternative investment. The initial $600K investment in mechanic shop materials has an economic life of 4 years, and w..
Illustrate would the gross receipts of strawberry growers be if the crop turned out to be 30,000 cases.
Show that the following relation holds true sqrt((m - 1)/m) = (QE/Q*) = sqrt((m + 1)/m). What is the underlying reasons that this relation holds? Provide an interpretation of that relation.
Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?
Does NAFTA affect the automobile industry's decisions on what to do with labor and capital costs? If so, how? In your opinion, was this trade agreement good for the United States and Mexico from an economic standpoint?
Suppose a uniform pricing monopolist's price equation is P(Q) = 120 - Q; the uniform pricing monopolist's marginal revenue is MR(Q) = 120 -2Q; the uniform pricing monopolist's total cost is C(Q) = Q^2 + 40Q + 150; and the uniform pricing monopolist's..
Draw a correctly labeled graph illustrating a long-run aggregate supply curve. Illustrate an increase in long-run aggregate supply.What could have caused the change you illustrated in part A?
An appreciation of the U.S. dollar would shift the ________. An increase in the costs of resources or inputs of production would shift the ________.
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