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Reflect on the role of proper health, nutrition, and safety in your own growth and development as a child (whether the impact was positive or negative). Were you provided with healthy and nutritious food options? Did you have ample time for play and exercise? Were there precautions in place to ensure your safety? How does your own experience impact the choices you make today for the young children in your care?
problem 1if the optimal number of facilities that minimizes the total logistical cost for a certain supply chain is
What is the net present value of this proposed project? If efficiency was the only objective for making the decision and we have fully accounted for all costs and benefits would you recommend the project go ahead or not?
define inflation. assume that you live in a simple economy in which only three goods are produced and traded fish fruit
dimex fabrications co. a small manufacturer of sheet-metal body parts for a major u.s. automaker estimates its
based on 21 months of past data ziggys drive-in has determined that the demand for its hamburgers is given by the
Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs. System II) shows total yearly costs for the number of maps dispensed pe..
a monopolist faces demand given by p 100 - .4qd and has marginal costs given by mc 10 .2qa. draw demand marginal
can country A change the outcome of the game by burning the bridge they are crossing to invade and committing its troops to fight? expand the game tree to show this option for county A and find the new Nash equilibrium. Explain
Government regulation is, at times, a result of market failure. The marketplace can often create efficiencies naturally through supply and demand. Unfortunately gaps of inefficiencies result in market dislocations. Thus governments believe they can r..
What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms?
Returning to the duopoly of part (b),suppose Firm 1 abides by the agreement but Firm 2 cheats by increasing production. How many widgets will Firm 2 produce? What will be each firm"s profits?
Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.
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