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farmer craig grows beans and rice, the only 2 crops that will grow. at harvest, he has 250lbs of rice and 200lbs of beans. he considers going to market and trading rice for beans. 2lbs of beans equal 1lb of rice. however if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
Their government seeks counsel on the wisdom of a relative emphasis on health and health investment versus other forms of economic investment.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
Assume that your household gets a machine that cost Lesley provides you with food. Illustrate what would that do to your labor supply.
Illustrate what about Italian labor-force participation rate and unemployment rate.
Illustrate what is the probability the driving distance for one of these golfers is less than 290 yards. What is the probability the driving distance for one of these golfers is at least 300 yards.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
Explain your reasoning and use Lisa Blake and Walter Barnes as your point of reference. Also elucidate the influences affecting foreign exchange rates.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
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