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You run a small farm that grows fresh produce to sell at your roadside stand. You employ workers, you rent land and you rent capital in order to grow the produce. If the marginal product per dollar of capital is $2, the marginal product of labor is 20, the price of labor is $10 and the marginal product of land is 32, what is the price of land?
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
find out the annual prices of oil for the past 5 years. By what percentage is the current price higher or lower than 5 years ago.
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Illustrate what effect will this have on its optimal price.
Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."
Illustrate what are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers.
Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2010.
By Elucidate how much also in Illustrate what direction does GDP change as a result of his efforts.
Expand his shop in that way allowing more customers to be served on a Saturday morning?
Distinguish between the resources market and the product market in the circular flow model.
Estimate cost elasticity of demand for education at this university. Is cost elasticity of demand for university tuition elastic or inelastic according to answer in part (i) Why.
The firm's vice president for manufacturing hires you to out illustrate what combination of inputs the plant should use to produce 20 units of output per period. What advice would you give.
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