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Compute the Cost.Edward the entrepreneur takes 2 hours to cut a lawn and he cuts500500lawns per year. He uses solar-powered equipment (truck and mower) that will lastforeverlong dash-andcould be sold at any time for $20,000. Edward could earn $88per hour as a pedicurist. The interest rate is 10 percent.a.Given his current output level, his marginal cost is $nothing (enter your response to the nearest dollar
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number ofdresses per week and L is the number of labor hours per week.
if the price of blue toy cars is 5 and the price of pink toy cars is 2 then which of the following consumers will make
Wilpen Corporation, a price-setting form, manufactures nearly 80% of all tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the linear specifications:
Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building is $4,000, the cost of the two secretaries is $40,000, and the cost of electricity and gas comes to $5,000.
If a bank buys $70 million of bonds from the Fed and also borrows $30 million from the discount window, what will be the effect on the level of checkable deposits?
What is the average number of dog treats consumed by a dog (neither black nor a retriever) in the summer season? What is the average number of dog treats consumed by a dog (neither black nor a retriever) in the winter season
Draw a graph that shows her change in consumer surplus.
Does the change in the exchange rate act to increase the reduction in imports or does it partially offset the initial reduction in imports? Explain.
What is the four-firm concentration ratio for this industry? ___74%_ b) What is the eight-firm concentration ratio for this industry? _____98% Suppose that the distribution of sales within an industry is as shown in the table.
A local restaurateur whose business had been profitable for many years recently purchased a liquor license, giving her a legal right to sell beer, wine and spirits at the restaurant. The license cost $75,000. While the license is transferable
Where Qt represents the quantity of widgets sold per period t, Pt represents the price of widgets during period t, and Mt represents average household income of customers during period t. You are also given the following information about the regre..
In Fairbanks, the Alyeska pipeline service Co. purchased 160 acre homestead from pioneer for $1000 an acre and 250,000 for the cabin and garage. A cabin and garage were preserved as an historical property for an additional $80,000 and moved off-si..
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