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Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for $2,000 per unit and the 25 units of saddles produced sold for $200 per unit. In 2007, the 20 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______?
the typical industrial bakery can produce cookies at a daily long run cost of tclrq 0.01q2900where q is the number of
A project proposal for a new product will require a buildup of $50,000 of inventory in year 0 before sales are started. Associated with this, accounts payable will also increase by $20,000 in year 0.
What is the approximate p-value of this hypothesis and find the confidence interval for the population mean
From an economist standpoint, why might there be more research, development, and innovation occuring in oligopolistic market structure than in any other?
1. a over the years there has been great improvement in farm technology. as a result the american farmer is now more
1. the following table give joint probabilities relating cell phone usage to stopping properly at intersections.a
explain the most important characteristic in perfect competition monopolistic competition oligopoly and monopolies and
The oil price shock of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits
evaluate your workplace and identify a group that has power in the organization. analyze why the group is considered
1. why does the assumption of independence of risks matter in the examples of insurance? what would happen to premiums
If a representative company with long run total cost given through TC = 50 + 2q + 2q2 operates in a competitive industry where the market demand is given through QD = 1,500 - 40P,
a firm produces a product with a fully allocated average cost equal to 20.nbspnbspif the price elasticity of demand for
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