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Suppose that the marginal-cost ratios of two products-mangoes and sardines-are as follows in the hypothetical nations of Mangolia and Sardinia:
Mangolia: 1 mango = 2 cans of sardines
Sardinia: 1 mango = 4 cans of sardines
In what product should each nation specialize? Explain why the terms of trade of 1 mango = 3 cans of sardines would be acceptable to both nations.
tom can produce 40 balls per hour or 4 bats per hour. tessa can produce 80 balls per hour or 4 bats per hour.a.
Determine the minimum sampling frequency for each signal, and design a TDM commutator and decommutator to accommodate these signals.
1 the labor-leisure trade-offsheila must decide how to allocate her 24-hour day between non-wage
Explain the differences between the three types of ODBC data sources.
Elixir Spring produces a unique and highly prized mineral water. The firm's total fixed cost is $5,000 a day, and its marginal cost is zero. Table 1 shows the demand schedule for Elixir water.
Regal Health Plans issued a ten-year, 12 percent annual coupon bond a few years ago. The bond now sells for $1,100. The bond has a call provision that allows Regal to call the bond in four years at a call price of $1,060.
your bankers tells you that they can lend you more if you reduce your debt by selling your parking lot to some private investors who'll lease it back to you for the next 50 years.What concerns might you have about this sales-and lease-back contract
The Haverford Company is considering three types of plants to make a particular electronic device. Plant A is much more highly automated than Plant B, which in turn is more highly automated than Plant C. for each type of plant, average variable c..
Most restaurant customers tip according to a percentage rule - between 15 and 25 percent of the bill. Diners who have dinner and a $20 bottle of wine usually pay the same percentage of the bottle price as diners who order a $100 bottle.
Is this car free because the winner pays zero for it?
Consider 2 countries, Avataria and Twilightia, which can be described by the Solow model. Avataria has a capital-labor ratio that is initially twice as big as that of Twilightia, but neither country is yet in a steady state. Both countries have th..
If w is the cost of a unit of labor and r is the cost of a unit of capital, derive the firm's long-run total cost curve and average cost curve in terms of the input prices and Q.
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