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maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of shelter and 10 baskets of food. emmanuel produces 5 cut logs of shelter and 8 baskets of food.a) what is the opportunity cost for maria to cut logs and to gather food baskets? explain your answer b)what is the opportunity cost for emmanuel to cut logs and gather food baskets?explain your answer c)what allocation of tasks maximizes total output for the least amount of effort? why?explain your answerd) what would be the total output after 4 days using the allocation of taks from question( c-above)?explain your answer
A corporation bought a machine for $100,000 four years ago. It was being depreciated on a straight line basis over five years. The company decides to replace this machine today.
could you discuss that the drop in sales might be something less or something more than this. Use economic reasoning to justify your forecast.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
Price Discrimination: Assume that United Airlines knows that it faces the following demand equations and corresponding marginal revenue equations for its (one-way) SFO to Las Vegas route
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.
Describe what do you mean by the price elasticity of supply.
Provide an argument for or against trade. Explain your reasons. What should government do to support your argument.
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
It cannot be as the inflation by definition real wages have factored inflation in.
For each of the following pairs of goods, would you expect the cross-elasticity of demand to be positive or negative? Large (in absolute value) or small? Defend your answers:
Explain how have these policies affected the employment rates for your chosen industry? How have these policies affected the growth of the industry.
Carefully describe and show graphically how each of following changes would effect the shape of the IS curve:
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