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Suppose the US can produce a bushel of wheat in 1 hour and a CD player in 10 hours. Thailand can proudce a bushel of wheat in 13 hours and a CD player in 2 hours. According to the law of coparative advantage, who should proudce wheat and who should produce CD players? Compute all relevant opportunity costs.
1. Which sentence is the better topic sentence, the first or the third? Explain why.
the u.s. cigarette industry has negotiated with congress and government agencies to settle liability claims against it.
What is the optimal transfer price for the basic plastic item . At what price should the marketing division sell its product.
The bicycle industry is made up of 100 firms with the long-run cost function c1(y) = 2 + (y^2)/2 and 60 firms with the long-run cost function c2(y) = (y^2)/10. No new firms can enter the industry. What is the long-run industry supply curve for prices..
Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year
Milton Friedman believed that the Fed should control the money precisely. In the 1960s, he proposed that the required reserve ratio be raised to 100 percent. How would this policy improve the Fed control of the money supply?
The Federal Government had a budget surplus in 2001 but a budget deficit in 2002. This was due to the recession, the tax cut, and the increased military spending. The change from a budget surplus to a budget deficit was due to:
Semi-Salt Industries began its operation in 1975 also remains the only industry in the world which produces also sells commercial-grade poly glutamate.
It is important to understand market needs to ensure that the market mix—including product, price, promotion, and place (distribution)—meets market needs. This task is difficult in a domestic setting, but global marketing adds many new dimensions to ..
Derive total, average and marginal revenue schedules. Explain why your answer to part is an example of marginal analysis and optimizing behaviour in general.
The government in California is increasing minimum wage to $15 dollars and hour, will this cause a surplus or a shortage of workers (labor)? Make sure to include the appropriate Graph and who the potential winners and losers are, as well as provide a..
Suppose a handbill publisher can buy a new duplicating machine for $2000 and the duplicator has a 1-year life. The machine is expected to contribute $2200 to the year’s net revenue. Instructions: Round your answer to the nearest whole number. a. What..
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