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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? b) what is the opportunity cost for emmanuel to cut logs and gather food baskets?c) what allocation of tasks maximizes total output for the least amount of effort? why?d) what would be the total output after 4 days using the allocation of taks from question( c-above)?
Many important economic theories develop as a result of particular economic crises facing societies. Can you locate any such cases with Thomas Malthus, David Ricardo, and Karl Marx?
Alexander is involved in a dispute related to his business. Alexander is considering legal action. Why may it be financially advantageous to alexander's business to avoid litigation and mediate the case
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
Describe situations and organizational variables that impact employee morale and explain, using examples, the impact of individual perception on morale.
Assume the role of regional integration in promoting global business of Kenya, Africa.
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
Explain how would the number of workers hired (variable input) change. This is a profit maximizing firm, also explain the profit maximization condition the firm uses.
Rise in customers income will make increase in the quantity demanded.
Banks fail when all depositors try to withdraw money at same time. One way to stop this problem would be to need banks to hold 100 percent of deposits on hand.
It has been suggested that regulations established to save lives can actually cause a reduction in lives. The theory suggests that regulation increases the costs of goods and services to lower-income groups and as a result of this increase.
The world major central banks, including the U.S. Federal Reserve, European Central Bank, Bank of England and Bank of Japan, conducted a joint policy action on 11/30/11 inject liquidity into global financial markets.
Mitchell Electronics produces a home video game that has become very popular with children. If the threat is not credible, what changes in the game would be necessary to make the threat credible.
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