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What is the slope of the consumer's budget line, graphed 1with apples on the horizontal axis and bananas on the vertical axis?
If m is the consumer's income, and pg is the price of apples, find is. (This should be a numeric answer.) In one sentence, give the economic/ intuitive interpretation of this number.
Let x1 represent vegetables and x2 represent all other food. Vegetables cost $2/lb. The price of all other food is also $2/lb.
1. If the annual interest rate is 6%, would you rather have: (Show steps in your calculation) $500 now $700 at the end of five years
Consider the following information in the table for Pat's Pizza Restaurant
In the early twentieth century, photos or drawings of big factories with tall stacks belching smoke were popularly used to represent the productivity.
Suppose the government stipulates a cost-plus contract and plans to choose the firm that submits the lower-profit bid. Which firm will it select? Is the selection process efficient?
Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e.
What are the main production decisions which have to be made? What does a production possibility curve show? The response must be typed, single spaced.
When Portugal and Spain (which import agricultural goods from the United States) entered the EC in 1986, the United States threatened to place heavy duties.
Which of the following would cause a movement along the demand curve for hot dogs? Choose all that apply. The change in the number of consumers, the change in the price of hot dogs or the change in the price of soda( compliment for hotdogs)
Owner/operators of small gas stations rarely pay themselves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?
Profit the weekly profit (in dollars) from the sale of two products is given by P(x, y) = 40x + 80y - x2 - y2.
Make sure your explanation is clear and that you provide specific examples. Any quotes from the readings or external materials must include quotation marks and an in-text citation.
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