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1. A new medical study released suggests that the consumption of dark chocolate helps prevent colorectal cancer. At the same time, cocoa growers in Brazil have experienced a large crop. What will be the effect of these on the price and quantity of dark chocolate? Explain.
2. Sushi bars are opening in vast numbers in American cities. Consumption of sushi, the raw-fish delicacy from Japan, has increased by a large amount in the United States in recent years. Nevertheless, the price of sushi has remained relatively constant.
What happened to the supply and demand for sushi? Why has the price of sushi remained constant? What happened to the equilibrium quantity of sushi? Explain
As a group, compare these performance metrics for the chosen companies. Why do they differ across companies? What characteristic of the company?
A labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. A capitalintensive (automated) process for the same product.
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
In economics, it is generally agreed that monopolies are bad. However, the book argues that the healthcare system could be improved by purchasers of care.
What are the four main types of resource ownership, define each type of ownership.
Compute the stock price for Hall Pharmaceuticals if it sells at 13 times earnings per share and EBIT is $80,000.17. Pulp Paper Company and Holt Paper Company are each able to generate earnings before interest and taxes of $150,000.
A student loan totals $18,000 at graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation.
in your own words explain as and ad curve and the resulting equilibrium. specifically describe why the two curves are
In most production processes the short run average cost of production typically drops as more is produced, but eventually, it tends to rise.
Your neighbor never mows her lawn. You don't have any legal right to force her to mow, but the mess in her front yard is making your neighborhood unsightly.
A new water treatment plant proposed for Any town, USA, has an initial cost of $6M. The new plant will service the 7500 residential customers.
ECON 301 Intermediate Microeconomics Assuming diminishing marginal utility and an indifference curve with Apples on the X axis and Cheese on the Y axis, fully explain how the slope of the indifference curve measures the relative value of the goods ..
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