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Problem:
Fred owns 5 hectares of farming land. He can farm the land himself producing a crop worth $120,000. The explicit costs involved are $30,000. His best alternative is to rent the land to his neighbour for $60,000 and work in the local town earning $50,000.
(a) Using precise economic language explain Fred's most profitable decision.
(b) Fred is told he can hire a competent farm manager for $35 000 to run the farm for him. Will this change his decision? Explain.
There are a series of questions that should guide your reading of scholarly papers. You should think about the questions on the list while you read the assigned
1.A bank has $1 million in vault cash, $5 million in short term Treasury securities and $20 million in deposits at a Federal Reserve Bank.
The shape of the aggregate supply curve of Shangri La is steep and the government applied expansionary monetary and fiscal policy for decreasing inflation.
Due to the current slump in investment spending, Omar has been laid off from his programming job. His employer promises to rehire him when business picks up. What type of unemployment is Omar facing?
In Bazemore v. Friday, 478 U.S. 385 (1986), a case involving pay discrimination in the North Carolina Extension Service, the plaintiff, a group of black agents, submitted a multiple regression model showing that, on average, the black agents' sala..
Differentiate between coaching and mentoring.
Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. What is the minimum price necessary for the firm to supply one thousand credit checks?
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Name the two sensors used in this application .Sensor ASensor B [2] (b) Describe how the sensors and the microprocessor are used to maintain the correctconditions in the fish tank.
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Elucidate the impact of the global financial crisis of 2008-2009 on the economies of industrialised countries and emerging markets. What effect do problems like these have on attitudes towards free trade.
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