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Suppose that at a price of$2.00 per bushel, the quantity supplied of corn is 25 million metric tons. At a price of $3.00 per bushel, the quantity supplied is 30 million metric tons. What is the elasticity of supply for corn? Is supply elastic or inelastic?
Given the production function Y=AK^0.3L^0.7 if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual. Calculate the growth rates of output per worker and capit..
Analyze your product's position in relation to the competition. Identify the main competitors. Explain how your product
given a set of data with years ranging from 1959-1999, GDP in billions, Transfers from the rest of the world, GNP in billions, Growth rate real GDP in %, and popualtion in thousands. I have been asked to calculate income(factor)transfers from the ..
The launch is risky because the demand could turn out to be either low or high. If the demand is high, the investment would give a return of $30 million, and if the demand is low, the return would be 0.
The monopolist's demand function is P = $405 - $5Q, its average cost function is AVC = $20+$0.5Q, and its fixed costs are $6,000 per hour. Calculate the monopolist's profit maximization output, price and its hourly profit.
Letter received by auditors directly from bank stating that no indebtedness on part of client existed as of the balance sheet date.
Compared to other countries, the U.S. has had a low level of inflation since 1983. The only years that the inflation rate was over 4% for consecutive years 1988-1991. From 1987 to 1992 the CPI went from 113.6 to 140.3.
suppose a random experiment can be represented by 2 sets of events ai and bj with each pair of sub events a1 and a2 and
1. consider a cobb-douglas utiltiy function of the form u xyz xyz with three consumer goods x y and zset up the
Deborah Milstead is considering buying a home for $200,000 a) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 7.8% compounded monthly, what will be her monthly payment to retire the mortgage in 15 years
In March of year 0, Molly begins building a barn that she will use for a horse stable business. This barn costs $43,000 plus $7,000 for earthwork to make it usable, and is placed into service in May of year 0. She also buys a tractor for this busines..
the charm city cereal company makes a cereal from several ingredients. two of the ingredients oats and rice provide
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