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In 2 hours, Vanessa can make 5 quarts of ice cream or 2 cherry cobblers. Her friend, Sonia, can make 9 quarts of ice cream or 1 cherry cobbler. If Vanessa specializes in ice cream and Sonia specializes in cherry cobblers, total production of ice cream will be quarts of ice cream, and total production of cherry cobblers will be ?? cherry cobbler.
Dyna-Rubber, man manufactures a high-performance tire called Sport 70. Fixed development cost for current year is $600,000.
1. Brief Introduction 2. Phases of BEE 3. What Problems is BEE Intended to Solve?
q1. consider the following macro modelwhere y p and m are the logs of real output prices and the money supply
Suppose the price of unleaded regular octane gasoline were 20 cents per gallon higher in New jersey than in Oklahoma. Do you think there would be an opportunity for arbitrage (i.e that the firms could buy gas in Oklahoma and then sell it at a profit ..
Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional p..
"Pumping the price war is Borders Rewards, the loyalty program that Borders Group introduced at the start of the year. Members get weekly coupons via e-mail and a ‘personal shopping day' when they can save 10 percent on most purchases on a day of ..
Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.
Economists often argue that a temporary increase in government purchases -say for military purposes-will crowd out private investment. Use the saving-investment diagram to illustrate this point, explaining why the curve(s) shift. Does it matter wh..
List the federal government's three most important sources of tax revenue. How do these differ from your state government's three most important sources of tax revenue Why do you think that these different government entities use different tax bas..
Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector..
Suppose that the trade pattern of a country is that it exports foodstuffs and imports fancy sports equipment. Can you make a case that trade acts like a regressive tax in its impact on the distribution of real income and welfare within the countr..
A current account deficit is a very healthy thing. If we can get foreigners to give us real goods and services and talk them into taking pieces of paper in return, why should we want anything different?" Do you agree or disagree with this statemen..
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