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a. How many units can be produced if a country uses all of its resources on health care?
b. How many units can be produced if a country uses all of its resources on education?
c. If a country is currently producing 11 units of health care and 16 units of education, what is the opportunity cost of producing 5 more units of education?
What is average variable cost? Is the firm profitable? Should it stay in business? Should it stay in business in the short run? Should it stay in business in the long run? Show your work and explain answer.
Illustrate what happens to money supply, interest rates and economy in general if Federal Reserve is a net seller of government bonds.
Illustrate what is the book value at the end of the third year.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
Was she calls her company's distribution manager and requests a special delivery for her customer. Jenny is providing the important marketing function of.
The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
In early 1980s, U.S. economic policy was directed toward reducing inflation. Illustrate what would you have expected to observe during this short period of time.
she estimates that she can produce and sell an extra 1,400 hamburgers per day by keeping the restaurant open for three more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should sh..
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable. Should this firm be concerned if macroeconomic forecasters predict a recession? Explain your answer.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
Illustrate what are the real income also interest rate elasticities of real cash balances
he R. J. Jones Company is a publisher of cowboy novels - novels about the great western experience, where men were men, horses were horses also well, you get the idea.
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