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Assignment:
With the sudden winter outbreak, the government has decided to set the price of winter supplies at $10.00 so producers don't price gauge the consumers.
With the sudden cold weather, not many people want to buy ice from Kristoff. The government decides that he has worked hard and deserved a fair rate so they set the price of winter supplies at $40.00.
Choose any two of the above variables, and describe how your selections would affect oil prices based on the supply and demand analysis.
Compute the marginal rate of substitution between bread and salami when B=10 and S=10? Enter the number online without the negative sign.
Consider the production possibilities curve (ppc) for a country producing only chesse and wine. The first few resources transferred from cheese to wine productions are:
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows
Incomes in China and India are a small fraction of incomes in Canada. But incomes in China and India are growing at more than twice the rate of those in Canada.
instructions- late submissions will not be accepted. you are welcome to submit early.- maximum words per question 650-
Define, in your own words, opportunity cost. What are your opportunity costs associated with attending Bethel's on-line program? How do they differ from your opportunity cost if you chose a program that required attendance in a traditional face-..
The ratios of actual-to-maximum yield for each of these three crops under different irrigation levels are shown in the second table. Help Farmer Paul find an optimal cropping pattern so that he can maximize his profit for this year.
Consider a firm selling two products, A and B, that substitute for each other. Suppose that an entrant introduces a product that is identical to product A. What factors do you think will affect (a) whether a price is initiated, and (b) who wins t..
Jane receives utility from days spent traveling on vacation domestically (D) and days spent traveling on vacation in a foreign country (F), as given by the utility function U(D,F) = 10DF. In addition, the price of a day spent traveling domestically i..
Calculate the accounting profit or loss as well as the economic profit or loss in each of the following situations a firm with total revenues of $100 million, explicit cost of $90 million, and implicit costs of $40 million.
you will apply economic principles presented in weeks one through three in this weeks assignment. your assignment will
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