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Assume you could either open a lemonade stand near a college campus and sell 80 cups of lemonade for $0.50 per cup in one day or open a stand selling brownies and sell 60 brownies in one day for $1 each. In terms of dollar, what would be your opportunity cost of selling lemonade for one day? What's the opportunity cost of selling only brownies for one day? Which should you choose?
Economic costs and benefits for project
What is the main point of the article? Concise summary of the main issue of the article. The reader should not have to hunt for the main point.
Consider a company that uses two inputs. The quantity used of input one is denoted by x_1 and quantity used of input 2 is denoted by x_2.
The labor demand and supply curves are respectively: Ld = a+b·w and Ls = c+d·w, where a, b, c, and d are parameters of the model, w is the wage, Ld and Ls denote labor demand and supply, respectively.A. What are the values of the parameters c and d t..
What level of output should be produced to maximize profits?
What is the new profit maximizing output - If the price of graham crackers is $2.50 should firms raise or lower their prices if they want to increase revenue? Explain this in terms of elasticity.
The value of teams is often described in the work product created by teams versus individuals. Using available research, how does team work differ from individual work?
a city that operates automobile parking facilities is evaluating a proposal to erect and operate a structure for
Describe the right-hand and the left-hand behavior of the graph of t(x) = 4x5 - 7x3 - 13. Select from the following which is the polynomial function that has the given zeroes.
what action has our government taken in order to provide this good and service in an equitable fashion what are the alternatives to government intervention 3. what has been the end result of government intervention
For this problem assume that the market basket is defined as 1 hammer, 1 lawn mower, 1 unit of groceries for the year, and 2 bicycles. Note in this problem you may want to use a calculator and round all numbers to the nearest hundredth. Compute th..
What price and quantity does the monopolist sell in market two
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