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Suppose at current factor prices a country's manufactures use 60 hours of labor for each acre of land and food is produced using only fifteen hours of labor per acre of land. If the economy's total resources are 1800 hours of labor and 180 acres of land, how much labor and land are allocated to manufacture and food production respectively?If the labor supply grows 50%,what happens to the allocation?
Elucidate action did the FOMC take, if any, as per the level of the fed funds rate. Why did it make this choice
One of the key features of the law that created the Federal Reserve System was that the Fed was to remain autonomous from the influence of the President and Congress. Recently, there have been calls that the Fed lose autonomy and even eliminated a..
Explain is it false that the influence that FED policies have on excess reserves makes a difference.
After analyzing the cost savings of both India also China manufacture our GPS product and your explanations.
Price comparison services on the Internet (as well as "shopbots") are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product...
Find out average fixed costs when the firm produces 50 widgets per day. Find out average total and variable costs for producing 49 widgets.
Explain why would this be described as a Prisoner's Dilemma game.
Find the Cantina's minimum efficient scale and its average cost when operating at minimum efficient scale and find the Cantina's marginal revenue function.
Utlizing the aggregate demand and aggregate supply model, draw an economy in a boom.
A company has two plants with the following marginal cost functions: MC1 = 20 +2Q1, MC2 = 10 +5Q2 Where MC1 is marginal cost in 1st plant,
Whether the government cuts taxes by $200 billion or increases transfer payments by $200 billion, the initial effect on disposable income is the same. By how much does disposable income initially change? If the government cuts taxes, by how much wi..
Elucidate the need for full disclosure in financial reporting. Identify possible consequences of failing to properly disclose certain items in financial statements.
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