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Question: Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 20 apple trees. However the 3 acres differ in their ability to support orange trees. He can grow 40 orange trees on the best land, 20 orange trees on the ok land, and 10 orange trees on the bad land. If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree?
What is an example to illustrate one of the following heuristics: availability heuristic and representativeness heuristic, or affect heuristic.
What steps will you take to be sure the inputs exceed minimum acceptable levels? What will you do to ensure your output to the environment is acceptable?
identify a company in your local area that you would classify as a monopoly. explain why you classified the company as
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle.
Popular software can cost thousands of dollars even though the marginal cost of producing another copy on CD. What kind of good are these programs?
Use a demand and supply model to describe the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men & women.
Imagine a local government is considering opening a public swimming pool in a residential neighborhood
Analyze the key effects of labor market, insurance market, and competitive market factors on health care delivery requirements at your current or previous organization of employment.
Some economists believe that supply determines what happens to demand while others believe demand determines what happens to supply. Explain both sides with examples.
Discuss how the money supply is measured and the four key functions of money and in the Feducation: Money and Inflation video.
What will you put on sale in your district during the Valentine's Day week? You must provide your reasons and
Give an example, one that was not provided in the readings, of a situation and a good where your demand elasticity might change over time. Explain
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