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Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels of squash d.) 5 bushels of squash 20.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.
what are the various formes of dispute resolution available to your company? what are the advantages and the disadvantages of each for your company?
Considering that the beekeeper gets that amount, what range of payments will the farmer admit.
The consumption of both x1 also x2. Label income also substitution effects for both goods. Illustrate what is the implication of product differentiation in defining market structure.
Suppose price of widgets is $10. How many widgets does each firm produce. How much profit does each firm earn. Is industry in long-run equilibrium? How do you know.
What is the total quantity supplied to the market? As this market makes the transition to its long-run equilibrium, will the price rise or fall?
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
American smoke 470 billion cigarettes and the average price per pack was $2. If the price elasticity of demand is -0.4 and price elasticity of supply is 0.5, compute the demand and supply linear equation.
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