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1. What is the production output of rice if the area planted to rice is 6 hectares, labor is 250 person-days and the use of fertilizer is 650 kg?. No need to include one or more variables that are insignificant.
2. Given your regression results, how would you produce more rice?
Using this table, you must find the opportunity costs of production. Fill in the blanks below. Michigan's opportunity cost of producing a football is basketballs. Ohio's opportunity cost of producing a football is basketballs.
Why is consumption expenditure often preferred over income to compare individual welfares in developing countries? All things controlled for, which will tend to
During the period 1973-1975, the United States experienced a deep recession with a simultaneous sharp rise in the price level. Would you conclude that the recession was the result of a supply shock or a demand shock? Illustrate, using AD-AS analysis.
What is the difference between the Anderson's ACT-R approach and the parallel distributed processing approach?
How does brand competition within stores affect prices? Explain. What do you understand by price discrimination? Under what condition is price discrimination possible? What Mode of Entry would SeaWorld take when opening an amusement park in Dubai? Wh..
Suppose you are a manager for a company that produces grape jelly. Which of the following is the best way for you to reduce your risk
Describe what can explain this deviation from the Philips curve. Provide examples.
q. 1. suggest how an economist would approach the problem of alcohol abuse. provide two possible solutions to this
Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
What is the probability that the weight of a randomly selected box of this cereal is equal to 15.5 ounces?
Why is the demand for healthcare more complex than the demand for other goods? Should healthcare be free?
Suppose that there are only two goods, books and coffee. Wally gets utility from both books and coffee, but his indifference curves between them are concave rat
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