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Which of the following is a practical implication of the difference in approximate minimal reaction times between sight and smell? A. The difference between the two reaction times is well within the measuring accuracy or within the variability among persons. B.A visual signal is received more than twice as fast as a smell. C.The sense of smell erodes due to olfactory fatigue. D.A visual signal is superior to a reliance on smell to detect a release.
Briefly explain the meaning of MRTS for this production function and what is elasticity of substitution when the capital-labour ratio changes from 1/10 to 1/30?
What is offshoring of white-collar service jobs, and how does it relate to international trade Why has it recently increased Why do you think more than half of all of the offshored jobs have gone to India
explain the difference between a price floor and a price ceiling. provide a situation in which a price ceiling may be
Economists in the ministry of agriculture in kwale count
Show graphically how regulating the value of a monopolist can both increase quantity and lower price.
Analyse the impact of an increase in the price of crops and a (proportionately smaller) decrease in the price of fuel on a low income person who spends most of her income on food (derived from crops).
Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to impo..
1. pampg sold its prescription drug business to warner-chilcott ltd. for 3.1 billion. if income from product sales is 2
suppose a new discovery in computer manufacturing has just made computer production cheaper. also the popularity and
A city government is considering increasing the capacity of the current waste-water treatment plant. the estimnated financial data for the project are as follows: Calculate the benefit-cost ratio for this capacity expansion project.
What is the highest profit or lowest loss availability to this firm? c. Should this firm operate or shut down in the short run? Why? d. What is the relationship between marginal revenue and marginal cost as the firm increases output?
How much output should be produced in each plant to maximize profit?
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