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Suppose that twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart, and they both went to the same medical school. From this information, we would guess that the price elasticity of demand for either of their services is closest to unitary. True, false and why?
You are the CEO of a Fortune 500 company. You have two objectives: 1. invest $5 million cash on hand short term (overnight to one month); and 2. borrow $100 million for your firm’s working capital needs.
A perfectly competitive firm sells 50,000 units of knives at a price of $3. The firm's average cost at 50,000 units is $2.75. Calculate the firm's profit. Please verify answer twice before sending back to me the steps. I want to make sure I have the ..
Alice has 10lbs of cheese and 12 bottles of wine while bill has 6lbs of cheese and 8 bottles of wine. Is this an efficient allocation? If no find a Preto superior allocation. Indicate the contract curve.
Devote too few resources to the creation of knowledge. Explain how does the U.S. government correct for this apparent market failure.
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
A remotely situated fuel cell has an installed cost of $2,200 and will reduce existing surveillance expenses by $360 per year for seven years. The border security agency's MATT is 12% per year. What is the minimum salvage (market) value after seven y..
q1. if the marginal cost of planting and harvesting an acre is 7000 per acre for each of the five acres how many acres
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
with the aid of a diagram explain how a floating exchange rate is determined. Explain how will a depreciation of the rand influence our exports and imports.
q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
In the market for foreign-currency exchange in the open-economy macroeconomic model, which of the following does the amount of net capital outflow represent?
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