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he cost of flowers business. Jen left job paying 40,000 per year to start her own florist shop in a building she owns. the market value of the building is 200,000. She pays 30,000 per year for flowers and other supplies, and has a bank account that pays8 percent interest. What is the economic cost of Jen's business?
What is the marginal revenue of the 101st pound of heirloom tomatoes?
A farmer uses M units of machinery and L hours of labor to produce C tons of corn. A) Suppose the production function is C = L(0.5) x M(0.75), does the production function exhibits increasing returns to scale, decreasing returns to scale or consta..
Assume an automobile manufacturer can sell its pickup truck with or without a towing package. Customer Group A is willing to pay a maximum of $30,000 for the truck and $1,100 for the towing package. Customer Group B is willing to pay $29,000 for t..
Imagine instead that the task had been left to the various national central banks, each of which was allowed to issue as much of the European currency as it liked and to conduct open-market operations. What problems can you see arising from such a..
A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $50,000; maintenance costs that start at $5,000 at end-of-year one and increase by $1,000 for each of the next four years, and then..
A bond fund manager has a four year time horizon, and is considering two bonds. The first is a 15-year to maturity bond with a 6.60% coupon rate, paid annually. The price of this bond today is 100% of face value. The second bond is a 20-year to ma..
Historical evidence for the U.S. economy indicates that
Net income from nonfarm unincorporated business, including rent 35 Personal consumption expenditure 398 Imports 170 Undistributed corporate profits 7 Personal taxes 136 a) use expenditure approach to compute GDPb) Calculate NDP c) Calculate NNI
If the market price is $6 per bushel, what must happen to restore equilibrium in the market. Suppose the market price is $14 per bushel. Is there a shortage or a surplus in the market.
Provide an interpretation of the coefficients and perform t tests on them.
If all farmers were to buy insurance, what is the break-even price for the insurance company?
A random sample of size 15 is selected from a normal population. The population standard deviation is unknown. Assume that a two-tailed test at the 0.10 significance level is to be used. For what value of t will the null hypothesis not be rejected
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