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Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness. How will this affect the costs that the Forest Service incurs?
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.
In accordance with the law of supply, if the price doubled, the quantity supplied would generally ______. A shift in the supply curve for gasoline in the United States would result if _______. A typical demand schedule shows higher sales at lower pri..
Two similar surgeries, breast reconstruction and breast augmentation, have different prices. Breast augmentation is cosmetic surgery not covered by health insurance. Patients who want the surgery must pay for it themselves.
The only case for which the bond price does not react to a change in the market interest rate is when
Propose a numerical and graphical example of 2 agents w/ constant opportunity cost to demonstrate potential for gains from trade. be sure to explain the opportunity cost of the two goods for each agent, who has the absolute and comparative advantage ..
Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Write the equation for the medical isocost of AFC.
According to the Congressional Budget Office estimates, output was 2.9% below potential output in the 4th quarter of 2014. The unemployment rate was 5.7%. What was the implied natural rate of unemployment?
In the northeast US and in eastern Canada, many citizens heat their homes with heating oil. Suppose you are one of these people, and you are expecting a cold winter, so you are considering your heating oil requirements for the season.
The value of capital is determined by
As the level of competition in an industry increases, the price-cost margin approaches:
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa?
How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. What is the ratio of Japanese GDP to U.S. GDP if we don't take into account the diff..
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