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Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be willing to spend now if it uses an interest rate of 12% compounded quarterly.
There are two goods in the economy, anchovies (a fish) and bananas (a farm product). Draw the economy's production possibilities before and after a natural disaster that lowers the banana harvest but does not affect anchovies.
the u.s. wants to make progress on this free trade agreement and argues that freer trade is necessary because the
the following are body mass index bmi scores measured in 12 patients who are free of diabetes and participating in a
What effect on the price elasticity of demand for commuter rail is there probable to be from a decrease in the price of gasoline? Explain.
identify economic factors that affect the real gdp the unemployment rate the inflation rate and a key interest rate.
cost function for clinic visits in a small inner city clinic Quantity of Visits Total Cost per Week If the price per visit is given to be $25, at what level of visits will the maximum profit position be.
What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?
what are the characteristics and mechanisms of expansionary and contractionary monetary policy? is monetary policy
Entrepreneurship is a factor of production which adds value to the production process and therefore earns a legitimate return to its exertion. How would you evaluate these two contrasting views, and what are their implications for society?
What is economic profit? How might it differ from accounting profit? Explain why firms that are making zero economic profit are likely to continue in business.
Consider a consumer who consumes only two products X and Y. (for example, X may be housing and Y may represent a "composite commodity" con- sifting of all other goods).
Suppose a drug developer just received a patent on a new chemical compound, which could be used in developing a new drug to control cholesterol. The developer knows (with certainty) that it could successfully develop the compound into a safe
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