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100 people (50 men and 50 women) live on a small island. Twenty men work in a mine where they produce steel. The mine sells the annual steel production to the local shovel manufacturer for $2500. The proceeds from the sale are equally divided among the miners and paid out as wages. The shovel manufacturer, a local woman, employs 10 women to produce 20 steel shovels every year. These shovels are sold to male farmers for $250 apiece. The shovel manufacturer keeps $500 as profit for herself and pays her workers' wages from the remaining revenue. The farmers use their shovels to produce coconuts, which are the staple food on the island. Each farmer produces 400 coconuts per year, which sell at $1 apiece. The remaining ten men are also farmers but they produce coconuts without shovels. Each such farmer can produce 50 coconuts per year.
What happens to the price level pt when the money growth rate m changes, holding the current money supply mt constant?
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
The third largest city of a country has a population of 12.5 million.
The data-plotting tool will automatically connect the points with a line.
Compute the profit-maximizing output for the price leader. Illustrate what the market price is given the price leader's output in (c). Elucidate how much does each competitive firm produce.
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
Construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas of potential conflict between the stakeholder groups.
Illustrate what happens to the demand curve for turkey in the u.s. In November. What happens to the curve after the holiday. Why do these changes occur.
Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
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