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1. Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals?
2. Why might failure to specialize explain why Neanderthal groups in difference areas did not trade? (Remember that comparative advantage is the key basis for trade.)
The stock is now selling at $62.50 per share. If the current price holds until the first of the month, and Sam exercises his option, how much will he make this year?
Assume a fixed cost for a process of $15k. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. which of the following is the number of units that has to be produced and sold to break-even..
If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
How did increased competition and excess capacity impact firms in consumer goods industry in late 19th century. Why were horizontal mergers attractive to these firms.
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
Compute the average product of labor, APL, when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the average product of labor change when the firm uses 81 units of labor.
Illustrate what will the average total cost be after 1 unit is produced. Elucidate what impact does the dollar appreciation have on the firm's international competitiveness.
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals.
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
Illustrate for the 100 new homes will be within $10,000 of the population mean.
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