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The table below shows the number of labor hours required to produce one gallon of wine and one pound of cheese in the United States and France. The United States has a comparative advantage in the production of
Labor hours to make:
In the United States
In France
1 gallon of wine
4.00
1.00
1 pound of cheese
2.00
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
The demand for Good X is given by Qx = 4000-Px-2Py+4Pz +0.2M where Py is the price of good Y, Pz is the price of good Z, and M is income, if Py =$800, Pz = $200 and M= $5000 determines the following: The inverse demand function for good X. Whether go..
The special cost structure that is necessary for a firm to adopt a peak-load pricing policy is:
Suppose you are selling both a men's and women's version of a new bicycle. Through market research, you have determined 1) that the demand curve for the men's p
The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private investment (investment) 90 Capital consumption allowance (depreciation) 25 Exports 45 Imports 35 Govern..
Yes?, because the? retailer's claim is between the lower limit of seconds and the upper limit of seconds for the mean wait time.
Consider the depreciation of a $5,000 asset with $0 salvage value using both the DDB and MACRS depreciation methods. Assume a 5-year depreciable life. Develop the complete depreciation schedules for the asset showing year-by-year depreciation charges..
Maria can read 20 pages of economics in a hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Draw Maria's production possibilities frontier for reading economics and sociology.
q. assume as a rule of thumb one commonly assumes which the value of land equals the 14-fold of its annual rental
Discuss the power of compound interest and why compounding makes it important for people to save and invest for retirement early in their working life rather than waiting until they are close to retirement.
First, draw the AD, SRAS, LRAS diagram for the U.S. economy starting at the long run equilibrium. Label your graph thoroughly. Second, show on your diagram what happens to the U.S. economy when the U.S. government lowers income taxes across the board..
A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001Q^2 and a marginal cost given by MC=0.002Q. If the market price is 15, what is the firm's profit-maximizing quantity?
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