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Pure gasoline has an energy density of 115,600 BTU per gallon, while ethanol has an energy density of 75,670 BTU per gallon. Gasoline cost $3.70 per gallon.
What would the price of E85 (85% ethanol, 15% gasoline) have to be for its cost to be the same as that of pure gasoline?
Which of the following is NOT an assumption of monopolistic competition? The specific-factors model is termed a “short-run” model because: The specific-factors model is termed a “short-run” model because:
A machine was purchased five years ago at a cost of $60,000. It currently has a market value of $10,000. The current book value is $15,000. It can function for another 2 years and will have an annual operating expense of $10,000 next year and $12,000..
The demand for Ford trucks
Based on the model of labor market, how does the monopsonist employer decide how much labor to use? Draw a graph to indicate labor supply, marginal cost and marginal product.
The city of Metropolita added a new subway station in a neighborhood between two existing stations. After the station was built, the average house price increased by $10,000 and the average commute time fell by 15 minutes per day. Assume an interest ..
Investigation reports are essential for the the completion of the digital forensics process. What are some of these reports and why don't we just use video evidence to document our findings?
While generics account for more than three quarters of all prescription drugs sales by volume, they account for only 10% of all prescription sales revenues. It was not until after World War II, that it became clear that control over drug safety mecha..
The elasticity concepts, price, income, and cross price can all be applied to everyday purchasing of goods and services. Give examples of how each applies to your own purchasing of goods and services. Be sure to include examples of how to apply numer..
A) nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate?
Explain greshams law in your own words without the help of sources. Show examples of how greshams law is used in the retail industry today. (In your own words, and knowledge. No plagiarism).
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
For assumption of regression, the four assumption, linearity, independence, no multicollinearity, equal Variance, which one cannot be detected by any means?
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