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Rugby is a city in North Dakota which the land rent for agriculture is $2. Bid rent curve for businesses is given by 10 - 2x and for residents by 5 - x/2, where x is the distance to the city center in miles. The mayor plans to expand the bus transport system in the city, so that residents are able to outbid agriculture rent price until 10 miles away from city center. Please explain what would happen to the bid rent curves in this city following what you have learned in class and/or reading the book.
Calculate the total fixed costs, average total costs, and marginal cost functions (you can just use a table for the first 6 values), as well as marginal revenue
Could you please explain for me what is the price specie flow mechanism and also I don't understand how the income effect the price specie flow mechanism?
What do you imagine about the interest on payday loans is too high or just right.
Joe Cool went to a baseball game and got very hungry for a hotdog. While it is true that the ballpark sells soda and hotdogs separately, Joe Cool never has one without having one of the other. His indifference curve map between these two goods is mos..
Briefly explain relationship between market price and a firm's profitability in a perfectly competitive market. How are the Zero profit point and the shutdown point for a firm operating in a perfectly competitive market determined?
Explain the concept of opportunity cost as related to the doctor in the Khan Academy video who gave up his profession to open a business.What other factors do you think the doctor may have considered when he decided to leave his profession to open a ..
Suppose that on average, unemployed workers find jobs at the rate of 30% per period and employed workers loose jobs into unemployment at a rate of 2% per period
Suppose leather jackets is a substitute in production of leather bealts. A decrease in the price of leather jackets will ________ the equilibrium price of leather belts and _____ the equilibrium quantity of leather belts.
If you deposit $2000 in a bank and if the annual interest rate is 2% in year 1 and 5% in year 2 and 8% in year 3, how much money will you have in your account at the end of year 3 if you don’t withdraw any money from this account? Explain your answer..
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment if the parent Disney CO
Elucidate what economic, political, and cultural factors do HR managers need to consider when sending employees to work internationally.
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