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Q. Assume Saudi Arabia and United States face production possibilities for oil and cars shown in accompanying table. A. What is opportunity cost of producing a car in Saudi Arabia? In United States? What is opportunity cost of producing a barrel of oil in Saudi Arabia? In United States? B. Which country has comparative advantage in producing oil? In producing cars?
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
If the nominal social discount rate is 7% and the rate of inflation is currently stable at 2 percent, should the city build either facility.
A farmer owns a plot of ground also sells the right to pump crude oil from his land to a crude oil producer.
If the reserve requirement is changed to 5 percent, Explain how much can First Bank lend and by Explain how much can the money supply be expanded.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
Assume that the marketplace for engagement rings is in equilibrium.
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
If the owners could have earned a 20% annual rate of return on the invested money, explain how would the economic profit change (all else equal). How would the accounting profit change.
Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
Explain with the concept of optimization and a graph, the circumstances under which a waste site could be made "too clean".
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