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The average weight of American adults increased by about several pounds since 1990. It has been reported that U.S. airlines spent millions more in fuel costs to transport this additional weight since 1990. Under what circumstances would this increased cost be an externality of obesity and overweight, and under what circumstances would it not be an externality?
Ace manufacturing produces 1000 hammers per day the total fixed cost for the plant is 5000 per day and the total variable cost is 15000 per day calculate the average fixed cost average variable cost and the total cost at the current output level.
The prices that people are willing to pay for goods and services mostly depend on:
Mr. Smith has saved $1,800 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7,500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5,000 per year. In the eighth year, he decided to ..
Suppose the firms compete in quantities. If firm 1 deviates from collusion in one period, what is the profit of firm 1 in that period in subsequent periods.
Mel runs a business that sells earrings over the internet. Every year, she buys one computer for $1000, which is used exclusively for this business, and which has no resale value at the end of the year. A set of earrings costs her $6, including the c..
Illustrate what established the permanent membership number in the House of Representatives.
Suppose USA has 2,400 units of labor available. It can produce two goods, apple and bananas. The unit labor requirement in the apple production is 3, while in banana production, it is 2. Suppose Canada has a labor force of 800. Graph Canada's product..
If a good has an income elasticity of demand equal to 2.7, how will the quantity demanded change when consumer income rises by 4 percent?
Illustrate what or considerations may be taken into account in order to make a decision on implementation of policy.
If banks operated under a 100 percent reserve system, commercial banks would not be able to create any further money. A vertical curve that defines the level of full-employment or potential output based on a given amount of resources, efficiency, and..
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Suppose an ASU student sampled 50 students to estimate the proportion of students that favor Billy Big time for Student Body President. The student calculated a sample proportion of .38 and a 95% confidence level that had a margin of error of .02. Wh..
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