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Q. If Farmia opens trade with a country with identical tastes, what will happen in short run to: a) Farmia's production of wheat and coffee? What information or theorem did you use as basis for you answer? B) Price of wheat and coffee in Farmia? How do you know? C) Wages in Farmia? How do you know? D) Price of wheat land in Farmia? How do you know? E) price of coffee land in Farmia? How do you know? F) Welfare or purchasing power of workers, owners of wheat land and owners of coffee land in Farmia? How do you know?
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
The same size of word for data and instructions, what is the size of each data register. Elucidate what is the size of the instruction register of the computer in the fist question.
Explain why might the private market not reach the socially optimal level of traffic without the help of government.
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?
Its price for an engine overhaul is less than Illustrate what it costs Pam AM to do an overhaul themselves.
A brewery is considering two potential production investments.
Find out the optimal price-quantity if the firm can price discriminate but cannot charge a two part tariff.
Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand.
Illustrate what effect will each of the subsequent have on the supply of auto tires
one receives a higher salary with the successful completion of degrees or the earning of diplomas. Elucidate how the sheepskin effect is analogous to SIGNALING MODEL.
Illustrate what has been happening to wheat prices and what is likely to happen to wheat prices over the coming months.
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