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In a ten-hunter village, Hunter 10 loses her arrow at the end of Week 0. From the beginning of Week 1 she permanently switches to arrow-making, and makes one arrow per week. The hunters from a nearby village, where deer kills per capita are much higher, have offered one of their deer for Week 1 - in exchange for a promise to give one deer from our village's hunt of Week 3. Assume that each arrow kills exactly one deer, no matter how many arrows the hunter has (constant marginal productivity of capital). In other words a hunter with 3 arrows will kill 3 deer, with 4 arrows 4 deer, etc. What is the path of consumption over time in this village - i.e. what is consumption in Week 0, Week 1, Week 2, etc. - if they refuse the offer? How does it compare to the path if they accept it?
Repaving costs are $120,000 per mile. Any town uses an interest rate of 6%. What is the EAC for Any town's policy? What is the EAC for the optimal policy
suppose that ge is trying to prevent maytag from entering the market for high efficiency clothes dryers. even though
A noncompetitive firm with the total cost function TC = 0.4Q3- 7.5Q2+ 85Q + 300 has the following demand function for its product P = 350 - 5Q - What is the firm's profit maximizing price and output combination?
Give me examples from your work experiences how would diminishing returns set in a business due to limited equipment, limited space, bureaucracy, management complexities etc. increases cost per unit as businesses expand? Do you think that even increa..
Discuss the factors that accounted for the rapid growth. Do you think the mode of governance (political institution) in China is good for sustained Development?
The marginal private costs and the marginal private benefits of a firm producing fuel-efficient cars is represented in the following diagram.
It costs $250,000 to drill a natural gas well. Operating expenses will be 10% of the revenue from the sale of natural gas from this particular well.
Describe market failures and government failures. Explain how the government can be used to solve market failures. Explain elasticity as it relates to consumer.
Jamaica is the 4th largest island nation of the Greater Antilles.It is situated in the Caribbean Sea south of Cuba, and west of Hispaniola, the island containing the nation-states of Haiti and the Dominican Republic. Jamaica is the 5th largest isl..
A construction company has an option to purcha and a certain bulldozer for $110,000 at any time between now and 4 years from now.
explain what could happen in the future with each of these trends below and come up with three3 more trends not listed
Compute the least-squares line for predicting mileage from weight. If two trucks differ in weight by 5 tons, by how much would you predict their mileages to differ?
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