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Assume you are a wheat farmer in North Central Kansas, you have fixed costs per acre of $84, variable cost per bushel is $3.64, and you produce 56 bushels per acre.
-What is your total variable cost per acre?
-What is your total cost per acre?
-If the price you receive is $4.90/bushel, what is your revenue?
-If the price you receive is $4.90/bushel, what is your profit?
-If the price you receive is $4.90/bushel, what is your break-even quantity?
-If you produce 56 bushels per acre, what is your breakeven price?
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Sketch a diagram that illustrates what happened to the Bridgewaters' budget constraint. Could they have been made worse off by the change.
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A retired junk yard operator, Edsel Studebaker, recently died and left his entire fortune of $12,300,000 to a trust to establish a junk car museum. The trustees must decide how to spend it. Land can be purchased for $180,000 now. how many cars should..
What will be the government deficit. If the government finances the deficit by issuing bonds, what amout of bonds will it issue?
Based on heckscher online theorem. As a labor abundant country exports the labor intensive good X and imports the capital intensive good y from a capital abundant country.
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