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If Frank can produce either 20 pizzas or 40 cheesecakes per day, the opportunity cost per pizza is equal to how many cheesecakes?
If Fran can produce either 15 pizzas or 50 cheesecakes per day, which person (Frank or Fran) has an absolute advantage making pizzas? What about cheesecakes?
Using the diagram, suppose that producers need to have licenses to sell apples, and that only 90 units of apples are licensed (i.e. Q is limited to 90). Calculate: the reduction in the consumers’ surplus. the reduction in the producers’ surplus
What is the different about the pathos and purpose of the Thoreau and King readings from the pathos and purpose of the Kennedy, Jefferson, and Lincoln readings?
Explain briefly the ethical situation. What are the all the different actions you could have taken. What are the consequences of each of these actions.
Imagine you are consulting with a manager of a business that sells cleaning supplies to nursing homes. Your client wants to develop a marketing plan but has a small budget for marketing his business. How would you show your client the benefits of a m..
What happens to the LM curve during a liquidity trap, where interest rates are sufficiently negative to the point that they surpass the cost of holding cash. Am i correct in assuming that it would cease to continue horizontally as it is imposibble to..
a company that recently spent $10,000 to develop a statistical software package.
Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions.
Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable ..
If you recommend the latter, identify the contract doctrine that would excuse promise breaking. Use the front and back of this sheet.
q.in economic history there have been many great economists who have developed theories concepts and ideas which have
Will it shift to the right or left? Where will the equilibrium be on the LRAS now? What is the correct answer here and why?
Identify which countries have benefited the most from international trade over the last few decades. What policies do these countries have in common? Do their experiences lend support to the infant industry argument or argue against it? To support yo..
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