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The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:- There are two fields whose total area is 1800 square yards. One produces grain at the rate of 2/3 of a bushel per square yard while the other produces grain at the rate of 1/2 a bushel per square yard. If the total yield is 1100 bushels, what is the size of each field?
a researcher estimated that the price elasticity of demand for automobiles in the united states is - 1.2 while the
1. the short-run aggregate supply curve shows how cause output to rise.nbspa. increases in inflationb. decreases in
If the price of labor decreases, in order to minimize the costs of producing a given level of output, the firm manager should use:
Which of the Supply Factors do YOU believe will be most important for the future growth of the U.S. economy? WHY? Briefly explain what we mean by labor productivity. What is its most important determinant?
The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics describe the effect of each of the following terms of whether it would increase or decrease the..
tickets to the nfls games the super bowl are sold by the league at a below-market-clearing price. this policy produces
How should the relation between drugs and human life
1. identify the relationship between resources their cost and the project schedule. explain how resources should be
Which is the considered a cause of inflation. Producers raise prices to meet higher costs,There is not enough money in the economy or else.
madison companys variable costs are 25 of sales. its selling price is 150 per unit. if weed sells one unit more than
assume that the industry you wrote about in assignment 3 wants to expand and has to make some longterm capital
communication is the sharing of information between two or more individuals or groups to reach a common understanding.
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