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Ethanol is again viewed as one part of a solution to the problem of shortages of petroleum products. Ethanol is made from a blend of gasoline and alcohol derived from corn or sugar cane. What would you expect the impact of this program to be on the price of corn, soybeans, and wheat?
Identify the equilibrium point and price level. Illustrate how fiscal policy can close the contractionary gap.
Mr. John is experiencing high repair cost for his snack blending machine. He suspect that the machine is being blenderized by customers, who are irrate because of low blending machine reliability.
Graph the cost curves from part a and indicate the points from part b. Explain why the cost curves have the shape they do. Now, Joe decides to split his operations between two forests and hire his buddy Earl. The production function becomes: qi = ..
What is the pattern of comparative advantage here?
Determine the equation of the three lines drawn from each vertex to the midpoint on the opposite side. These lines are called the medians of the triangle.
The working stresses are 25 ksi for the cable, 18 ksi for the boom, and 13.6 ksi for shear in the pin. Neglecting the weight of the boom, determine the largest safe load P that can be applied as shown.
A New Hampshire resort offers year round activities: in winter, skiing and other cold weather activities and in summer, golf, tennis, and hiking. The resort's operating charges are essentially the same winter and summer.
Jeff holds $50,000 wealth which has a utility of 7.07 utils (assuming utility is the square root of wealth in thousand dollars). He considers investing this in a gamble which has a 0.6 probability of increasing his total wealth to $100,000 and 0.4..
According to the chief engineer at the Zodiac Company, Q = ALf Kf , where Q is the output rate, L is the rate of labor input, and K is the rate of capital input. Statistical analysis indicates that f = 0.8 and f = 0.3. The firm's owner claims the ..
How do you think your close coworkers and/or friends would respond to these tests? Does that help you understand their behaviors better?
Suppose Bob decides to keep $5,000 of his find as cash and deposits only $95,000 in his bank. By how much will the money supply increase?
Can you "beat the market" with public information? That is, can you use publicly available information to help you buy something cheap and quickly sell it at a higher price? Why or why not?
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