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Discuss what would happen to the health production function if there was a total ban on cigarettes in the U.S. What would happen to the total product with respect to medical care, as well as the marginal product? Explain the assumptions underlying the curve and show graphically.
Porters 5 Forces analysis of Louis Vuitton
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Discuss the social and economic effects of colonization? How did it contribute the “Price revolution”?
Risk and Return, Coefficient of Variation Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
Country A has the production function: Y=F(K,L)=K^(1/2)L^(1/2) a. What is the per-worker production function y=f(k)? b. Assume that country A experiences no population growth or technological progress and that 10 percent of capital depreciates each y..
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?
Lubbock County is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the El Dusto Ski Basin. The first cost for the bridge will be $6,500,000. Annual maintenance and repairs will cost $25,000 for each of the fi..
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $8.00.
What price does it charge. What is Lite and Kool's markup. How much profit does Lite and Kool make. Do firms in monopolistic.
Illustrate how many would you expect to be sold under each pair of price and income demand elasticity estimates.
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
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