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Q. Suppose that re are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year. A. What is opportunity cost of producing a car in Canada? What is opportunity cost of producing one bushel of wheat in Canada? B. Draw Canada's PPF with wheat on horizontal axis and cars on vertical axis. If Canada chooses to consume 10 million cars, how much wheat can it consume without trade?
Find out the ticket price that maximizes revenue. Find the profit-maximizing expenditure on players and the profit-maximizing fraction of games to win.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
Explain how are you morally justifying your decision. Remember to use professional e-mail etiquette when composing your e-mail.
make a recommendation to your neighbor based on convincing economic analysis.
Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
Illustrate what will be real interest rate that clears goods market at G = 2000 and Y = 10,000. Conclude autonomous investment and marginal propensity to invest.
What is the new equilibrium price and quantity. Elucidate how much do dairy farmers receive per gallon of milk after the tax? how much do demanders pay.
Compute the Learner index if the marginal cost of producing Lipitor is $0.30 per pill. Does the Lerner index make sense in this situation.
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
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