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George finds he can wash 10 cars and wax 5 cars in one 8-hour shift. In the same 8-hour shift he could wash 8 cars and wax 6 cars. If George has constant opportunity cost and wants to wash 4 cars he can expect to be able to wax ____ cars. Enter a whole number for your answer such as 12.
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national saving increase? Show the relationship between China’s national savings, domestic invest..
Suppose that the linear equation for saving in a hypothetical economy is
What should Zelnick and Conroy do. Should BMG integrate. Should they continue to work with a wide array of technology partners.
explain how the short-run phillips curve the long-run phillips curve the short-run aggregate supply curve the long-run
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
Referring to the concept of entry barrier and explain dunning ideas on strength of multinational enterprise. How would an enterprise take advantage of different levels of innovation? (i.e., of major innovation vs minor innovation.
Chimnesia has two equally sized groups of people: smokers and nonsmokers. Both types of people have utility U = ln(C), where C is the amount of consumption that people have in any period. So long as they are healthy, individuals will consume their en..
The slope of the short-run aggregate supply curve can be explained by:
Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. How do you think flexible benefit packages would affect an emp..
In this exercise, you have to look for hidden premises and complex arguments. As your text notes, A hidden premise is a premise that is implied, but not stated. Drug dealing should not be a crime because it does not directly harm others or force them..
The Sterling Corporation makes and sells motorcycles. The total cost of each cycle is the sum of the costs of frames, assembly, and engine. The firm produces its own engines according to the following cost equation: CE = 250,000 + 1,000 q. What is th..
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