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Discuss what opportunity cost is and give an example of an economic problem involving opportunity cost that the south Africa government is currently facing
A profit-maximizing firm will use less of a factor of production when:
For given input prices, more expensive bundles of inputs are associated with:
q1. an industrial breakthrough raises a countrys total factor productivity a by 10. show how this change involves the
Consider this statement. “It is estimated that leaky pipes and dripping faucets are the source of hundreds of thousands of dollars of lost water each year. Business firms could reduce waste by inspecting more pipes thoroughly and repairing water leak..
Describe the implication of income differences for the basic monocentric city model? What are the key factors in the model that determine where lower and higher income households will live? Discuss this prediction in the U.S. context.
Can you predict if you perceive that the r-value would be 'positive' or 'negative' and do you think that the relationship would be relatively 'strong' or 'weak'
What would be an optimal decision for the firm, if it would like to make profit next year without eliminating any employees?
A mining venture has a first cost of $6M, annual operating costs of $2M, annual revenues of $3.2M, working capital requirements of $1.5M, a life of 10 years
Solar Thermal Energy, rooftop solar water heaters can provide hot water during most of the year and space heating during the winter. Which tilt angle would work best for both applications? Would this be practical as opposed to mounting the panels at ..
Suppose the Bank of Japan allowed the money supply to grow by 2% each year, whereas the Bank of Korea chose to maintain relatively high money growth of 10% per
The first payment will be recieved 1 year from now. What rate of return does your loan recieve?
Construct a demographic transition plot for your country with the birth rate, death rate, and population level all on the same graph over the period 1960—2010 (there may be missing data; connect points using straight line; put population on the right..
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