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1- Consider the production possibilities curve (ppc) for a country producing only chesse and wine. The first few resources transferred from cheese to wine productions are: A- those that are most specialized in cheese production B- those that are most specialized in wine production C- those that are least specialized in cheese production D- those that are neither specialized in cheese nor wine production E- those that are highly specialized in both cheese and wine production.
2- Bob and Bill can make 16 toys each if they devote 8 working hours in a day. Further, Bob can repair 4 cars and Bill can repair 2 cars, if they devote 8 working hours in a day. what is the oportunity cost of repairing one car to bill. A- 10 toys B- 8 toys C- 16 toys D- 12 toys E- 4 toys
3- The income elasticity of demand------- A- must be negative because of the law of diminishing marginal utility B- could be positive or negative or zero, depending on the nature of the good. C- must be positive because consumers tend to buy more at higher incomes D- is usually zero because "you can only have so much" E- can never be zero
You cat's summer kitty-cottage needs a new roof. You are considering the following two proposals and feel a 15-year analysis period is in line with your cat' remaining lives. (There is no salvage value for old roofs.)
In Tobin s analysis of the speculative demand for money, people will hold both money and bonds, even if bonds are expected to earn a positive return. Is this statement true, false, or uncertain? Explain your answer.
Joanne has decided to buy the Hummer and set up a commuter service between Boston and Lowell. There are 1000 people who will pay $400 a year for the commuter service; $280 from each person goes for gas, maintenance, insurance, depreciation etc.
Last year Attic charged $3,917,680 Depreciation on the Income Statement of Andrews. If early this year Attic sold all its depreciable assets for their book value, the effect on Andrews's financial statements would be (all other items remaining equal)..
Critics of the minimum wage discuss that as an antipoverty device it is "poorly targeted." By this they mean that:
Falling hospital admissions and shorter length of hospital stays beginning in the mid 1980s may be attributable to
consider the following news headline cigarette smokers make lower college grades than nonsmokers the news article goes
Calculate output, marginal cost, averagecost, price and profit at the average cost-minimizing activity level and calculate these values at the profit-maximizing activity level.
suppose a firm has the production technology shown below for goods 1 and 2 and respond to the following with
a manufacturer faces the following inverted demand for its productp 41.5 - 1.1 qand has the following total cost
Equimarginal principle requires that marginal costs be equated across the two polluters for emissions reduction costs to be minimized.
prepare a 1050-1400-word paper follow apa format in which you describe the relationship between strategic planning and
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