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Suppose that prisons hostorically have required inmates to preform, without pay, various cleaning and food preparation jobs within the prison. Now suppose that prsiosners are offered paid work in factory jobs within the prison walls, and that the cleaning and food preparstion tasks are now preformed by non-prisoners hired to do them. Would you expect to see any differences in the technologies used to perform, these tasks? Explain.
The owner of a corner lot wants to find a use that will yield a desireable return on his investment. If the owner wants a minimum attractive rate of return on his investment of 15%, which of the two alternatives would you recommend?
Plot the average total cost, average variable cost, and marginal cost curves for a single firm (remember that values for marginal cost are plotted at the midpoint of the respective intervals) What is the firm's supply curve? How many chairs would the..
What might the likely effect be for the world economy and particularly the United States economy if prices of all goods from China increased? How might this affect your disposable income?
Write down the multiple regression equation. Evalute the regression coefficients using ordinary least squares and interpret them.
Constant returns to scale are associated with a:
Suppose an economy’s production function is Y = K1/2 x [AN]1/2 and that the savings rate, s, is equal to 21%, the depreciation rate, d, is equal to 8 %, the number of workers grows at 1.7% and the rate of technological progress is 6% per year, then f..
What are the commonalities of mental health services and long-term care? What are the challenges both areas of care continue to face today and in the future?
Illustrate what is the supply of dollars in the market for foreign-currency exchange. Write down your answer since you will need it to answer the next question.
787b stimulus bill approvedwashington-less than one month after president obama took office congress last night passed
Consider an economy where there are N consumers, each of them having one unit of available time.
The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico whose purpose is to eliminate tariffs between the countries and promote all aspects of international trade. Opponents of NAFTA point ou..
A farmer has 120 acres on which to plan wheat or corn. Each acre of wheat requires $20 capital and 2 hours of labor. Each acre of corn requires $35 capital and 6 hours of labor. Labor costs are $8 per hour. The farmer has $2000 available for capital ..
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