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Question: Suppose that Tessa buys a new machine that enables her to make 20 jackets an hour. (She can still make only 80 caps per hour.)
a. Who now has a comparative advantage in producing jackets?
b. Can Sue and Tessa still gain from trade?
c. Would Sue and Tessa still be willing to trade 1 jacket for 15 caps? Explain your answer.
Explain the rationale for buying stocks when stock prices are not predictable, noting what kind of strategies would be useful for investing $100,000.
ECO228W Paper Assignment. What are the main impacts of climate change? Why is it so difficult to address these impacts
How does the market reward those who have invested in human capital-the acquired skills of an individual in the areas of education, training, and work habits? Cite specific examples from your community to support your answer.
Show the benefits to Clem from specialization. What should he specialize in - Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on an acre of his land.
a firm produces digital watches on a single production line serviced during one daily shift the total output of watches
How well economic performance translates into social inclusion, such as assets building and entrepreneurship, employment and labour compensation and fiscal transfers.
What was the function of the commercial excellence group? What dif?culties occurred with the launch of the commercial excellence function?
All of the following are called "rules." Which of the following so-called rules are actually like "rules" and which are more like "discretion"?
Making Comparisons Reproduce the following diagram on a separate sheet of paper. Then, in the spaces indicated, identify several elements of command.
The question related to Economics and the question is explains about microeconomics. The microeconomics is a study of scarce resources for both individuals as well as for organizations.
In the case of the diamond, duplicative mineshafts were a waste of economic resources, and the law makes them unprofitable.
Would this expansion create value for Fleury Flower Shop? Perform a NPV analysis. Assume the asset class will remain open.
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