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Q. If the demand for corn increases due to its use as an alternative energy source, what will happen to the supply of corn's substitute such as soybean? Assume that, besides being substitutes for one another, corn and soybeans require the same raw material, such as the same farm land. Think about whether farmers will use their soybean farms to produce more or less corn. Explain, in economic terms [e.g. supply determinants], why this is so.
Q. What will happen to the price of corn oil?
Q. Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Elucidate the capital budgeting process. Comment on the key elements used to gauge capital projects. Evaluate capital investment decisions by using time-value-of-money yardsticks
Illustrate what established the permanent membership number in the House of Representatives.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
Explain the strengths and weaknesses of using monetary policy in comparison to fiscal policy when promoting economic activity.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
can you suggest better methods of making the adjustments for the stated purpose. llustrate what general guide can you suggest as to elucidate how much price should be increased
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Illustrate what would be the production possibility frontiers for Brazil as well as the United States.
Explain how supreme as well as comparative advantages were used in your simulation.
Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax is levied above $50,000 in taxable income.
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