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According to the table, Pat can collect 40 coconuts per day to Mike's 20, and Pat can catch 35 fish per day to Mike's 28. Using the principles of comparative advantage, answer the following questions:
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production.
Consider the following total benefit (TB) and total cost (TC) functions and the corresponding marginal benefit (MB) and marginal cost (MC) functions: TB = 150 + 28 Q - 5 Q2 MB = 28 - 10 Q TC = 100 + 8 Q MC = 8 generally MNB = MB - MC. Derive the eq..
Discuss, with the use of graphs, the effects that an increase in world output of oil would have on the price and demand for each of the following: oil, coal, cars and electricity.
Show that a policy of ι = 0 does not necessarily maximize social welfare at time t = 0.
What if you know that only 50 million tickets have been sold. Explain why, if people tend to use their childrens' birthdays when selecting numbers to play on the "Pick Three" lottery, you might be better off using the last six digits of your Socia..
Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $20,000 in currency into the bank and that currency is added to reserves.
A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing. The car you like costs $6000. a) What is your effective annual interest rate
kyle is an english phd student there is some chance he will get a prestigious university job that will pay him
Give a precise economic intuition explaining your answer relative to the usual (linear cost) case.
the central bank forbids overnight loans and eliminates the overnight loan market.
Why is the opportunity cost of a woman with a college education having a child greater than the opportunity cost of a woman with just a high school education having a child?
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