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Explain how coral reefs are living examples of the three scientific principles of sustainability that include zooxanthellae?
a) Determine the regression equation b) What is the predicted value of y for x equal 5?
Your specialty is delicious cheeseburger that you sell for $6.50 a piece. The cost of ingredients for each cheeseburger, such as meat, buns, tomato etc., is $1.50. You hire workers at $12 an hour. The production function for cheeseburgers is Q=40\sqr..
What percent of the total complaints can be attributed to the most prevalent complaint?
For the following production functions: calculate marginal product of labor (L), marginal product of capital (K), and the technical rate of substitution. Identify if the production function exhibits constant, increasing, or decreasing returns to scal..
Why do nations care about having outlets to the ocean? Are landlocked nations at a disadvantage? What are geographers and economists saying about this? Could there be different views on this issue?
How do economic decisions about scarcity, supply and demand, and competition affect individuals and groups?
Explain why a weaker dollar could involve the UK balance of trade deficit.
What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?
What is amazon doing to achieve allocative efficiency? How is Amazon achieving or working towards allocative efficiency? (i.e. process to reduce time/waste)
Two boxers. Brutus and Floyd, are training to fight each other. Each boxer is considering whether to take steroids to improve his chance of winning the fight. What is the Nash equilibrium? Would the boxers be better off if the boxing association bann..
Why does rent control create an inefficient allocation of resources?
Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2.
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