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Maya farms a 40-acre farm. She can grow 30 bushels of corn per acre or 60 bushels of wheat per acre. Between these end points, production-possibilities frontier is a straight line.
In bushels of wheat, what is Maya's opportunity cost of producing an additional bushel of corn?
An office receives 20 faxed orders every two hours. What is the probability that it will receive 8 orders in the next hour What is the probability that an order will be faxed within the next 9 minutes What is the probability that more ..
A student's senior year in college will cost $80,000 in lost earnings and direct expenses. Then, for the first two years after graduation the student will earn $100,000 and $200,000. Alternatively, the individual can earn $50,000 for what would ha..
Consider a seller who values a car at $9,500 and a buyer who values the same car at $10,000. What total surplus will result from a transaction between the two when the seller is faced with the following sales tax rates: 0%, 2%, 4%, 6%, and 8%
Assume that before receiving the discount loan, FNB has no excess reserves. What is the maximum amount of this $10 million that FNB can lend out c. What is the maximum total increase in the money supply that can result from the Fed's discount loan
An immediate problem was that the Treasury didn't really know what most of these mortgages actually were worth (25 percent of their face value, 75 percent, or somewhere in between?), nor did it know the condition of all of these houses, some of wh..
Assume the following data describe the gasoline market: Price per gallon $2.00 2.25 2.50 2.75 3.00 3.25 3.50 Quantity Demanded 32 30 29 28 22 21 20 Quantity Supplied 16 20 24 28 32 36 40 (a) What is the equilibrium price
some company uses capital and labor to produce gizmos. the marginal product of capital is 600, and the marginal rate of technical substitution of labor for capital is 1/4. Calculate the marginal product of labor.
Ford is budgeting $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the annual interest rate is 10%, what is the expected cost of labor in the first year?
The plant has a capacity output of 200,000 calculators per year, and the plant's manager regards 75 percent of capacity as the normal or standard output. The projected total variable costs for the normal or standard level.
A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants A and B whose total costs are: TCA = 10 + 2X + .25X2 TCB = 15 + .4X + .1X2 = 15 +4 + 10 How many units should each plant produce to maximize profit at that ..
Analyze the current status on foreign exchange rate, producer price index including descriptions of current status and graphs with APA guidelines.
Country B has 35000 units of labor and takes 7 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. What is the price of manufactures in terms of food at which A and B would respectively supply manufactures.
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