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A farm has 600 acres, andyou can plant either corn or soybeans (or both). An acre of corn gives $150 and anacre of soybeans gives $80. There are 2000 hours oflabor available; an acre of cornuses 4 hours and an acre of soybeans uses 2 hours. Formulate this problem, and solve graphically
Explain how much will your industry's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
Suppose Ke, the required rate of return, goes up to 12 percent; what will be the new value of Po?
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
Customer demand for gasoline changes when the price of gasoline falls.
Discuss the nature of social and labor issues that domestic manufacturers will likely face with their international suppliers. Why is it usefull to understand the cultural background of a foreign supplier.
Find the Cantina's minimum efficient scale and its average cost when operating at minimum efficient scale and find the Cantina's marginal revenue function.
Answer whether the following statements are true or false, explaining your answer in each case.
Determine the four phases of the business cycle? How long do business cycles last and how do seasonal variations and long-run trends complicate measurement of businrss cycle?
You have been Employed through a private consortium of South African orange growers to predict the impact on the price and output of oranges under the following situation.
Which of the following is the most valid expression of a theory of underconsumption as a cause of business cycles? a. capital goods production encroaches on consumer goods production b. income equals production, but not all income is used for current..
Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.
For an economy at full employment, an rise in the quantity of money will lead to which of following sequence of shifts in aggregate demand and supply curves;
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