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Country A has 16,000 units of labor and can produce 2 goods, manufactures and food. A’s producers take 2 units of labor to produce one unit of manufactures and 8 units to produce one unit of food. Country B has 36,000 units of labor and takes 6 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. What is the price of manufactures in terms of food at which A and B would respectively supply manufactures? What would A export in Adam Smith’s world? What is the amount it could supply?
suppose a marine biologist was studying a population of lobsters of the coast of singapore. to determine the mean
Information Technology (IT) has been around for a long time but most health care organizations have not embraced information technology as much as most other industries. Discuss this issue as it relates to your organization. Given the material in..
analyze the determinants of the price elasticity of demand and determine if each of the following productsnbsp are
economic historians have argued that the financial system that emerged in the late 1700s and early 1800s was
We are given the following information about prices and quantities consumed for four commodities over the last three years\: Commodity Price (c/kg) Quantity (kg) 1992 1993 1992 1993
you have 10000 and your goal is to save as much money in five years in order to make a downpayment for a house. create
those polices were predicated on 1930s Keynesian assumptions that economic recoveries always run out of steam and at certain points need artificial stimulation of demand and fine-tuning to keep them running at acceptable levels .The evidince of th..
questiona let the utility function be u logx - l where l is labour and x is consumption. find the level of labour
suppose you are the manager of the bank that has 15 million of fixed-rate assets 30 million of interest rate- sensitive
Describe why a monetary policy is impotent in achieving macroeconomic goals under the fixed exchange rate system. Begin your discussion with the assumption that the economy is at equilibrium in the balance of payments (external balance), however at l..
For the next several questions, refer to the table regarding Magazines and eBooks. Fill out the Marginal Utility column for magazines. What is the marginal utility of the 4th magazine? Fill out the Marginal Utility column for eBooks. What is the marg..
savings-mart a chain of discount department stores sells patio and lawn furniture. sales are seasonal with higher sales
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