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1.in a short concsie statment relate scarcity, trade-offs, and opportunty cost. 2. List and describe the variables , other than price, thet cause a shift in the supply curve. 3. there are two conitions thet are required for a good yo be a pure public good, If both conditions are present, why won't a private firm provide them? 4. Describe the diffrenece between the short-run and the long-run. 5. Relate the marginal physical product (MPP) to the shape of the marginal cost (MC) curve. < this question needed to be answred by graphing read the oil article above then answer the following questions by explaining and garphing using supply and demand. 1.describe the olive oil market pre-2015 and that what the change to the market is post -2015.(garph)
2.wha will happen to the market for the other oils which are close substitutes? (garph)
The bond bears an interest rate of 7%, which is payable semiannually. Four years ago, the bond was purchased at $950. At least an 8% annual return on the investment is desired. What must be the minimum selling price of the bond now in order to mak..
Fin the this combination using the information below and given that the prices of labor and capita are $1 and $3 pert unit repectively. Q= 0 1 2 3 4 5 6 7 8 TPI=0 11 20 28 35 41 45 46 46.5
A woman deposit $3500 dollars in a retirement account every year. If her account pays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last de..
Identify the diversity challenges that Coach Boone had to face by coming into the head-coaching role.
Calculate the price elasticity of demand at each of these quantities using the formula that includes the slope of the demand curve: Q=1; Q=2; Q=3; Q=4, Q=5. Is the elasticity constant as we vary Q
Estimate the OLS regression for pounds (y) vs. candy (x) - perform the Breusch-Pagan test for heteroskedasticity
A sample of 60 individuals, all in reasonably good health, was selected; 20 individuals were residents of Florida, 20 were residents of New York, and 20 were residents of North Carolina.Each of the individuals sampled was given a standardized test..
Michael plans to save $100,000 the first year, $125,000 the second year, and amounts increasing by $25,000 each year for 20 years. What is the present worth in Michael's account at an interest rate of 8% per year after 25 years
q1=20 Q2=15 Q3=27 mARKET EQUILIBRIUM IS $45 price at A=85 C=5 F=59 G=31 what is the dollar value of the dead weightloss when output level q2 is produced what is the total surplus wen output q2 is being produced
Change in Quantity Demanded: Changes in price change the quantity demanded. This is a Movement Along a Demand Curve in Response to a Price Change.
the balnce sheet of a bank. the reserve requirment is 3% on the first 30 million of transactions deposits and 10% on transactions deposits in excess of 30 million. the bak holds no required clearinf balances. Bank balance sheet(amount in millions)
A business invested $12,000 in a piece of equipment which helped reduce labor costs by $2,000 annually and reduced rejects by an estimated $1,800 annually. After 5 years, the machine has to be replaced by a new machine for the same cost.
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