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Question: New York state is one of the largest states in the nation, but most of it comprises farmland. New York state is the 3rd largest dairy producer in the nation and competes for the top spots in Apple production and wine production in the nation as well. Why do you suppose that NYS farmers grow so many apples, grapes, and produce so much dairy? Why don't Nebraska, Iowa, and Oklahoma (all part of the Farm Belt and great growers of corn, wheat, and other grains) do this instead?
What are the three main questions that all economic system must answer? Who answers them under a communist system? A socialist system? A capital system?
you have been hired to manage a small manufacturing facility which has cost and production data given in the table
Write a 1,750 to 2,450 word paper. Compare the marginal benefits and the marginal costs associated with your purchasing decision.
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
Would you be in favor of expanding the role of the SDR to make it an international currency along the lines of Keynes' bancor?
How can a firm determine an optimal two-part tariff if it has two customers with different demand curves? (Assume that it knows the demand curves.)
Why do we need the evaluation of electric and magnetic fields and Which equations mathematically represent the static and quasistatic fields?
Assume that the taxi industry in the town of New City is perfectly competitive. Also assume that the marginal cost of a taxi ride is constant and equal to $5 per trip, What is the perfectly competitive price of a taxi ride
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Compute net present value of the new mine assuming a 15% after tax cost of capital. Should the mine be opened?
What is the percent change in consumption since you were born? What is the percent change in real disposable income since you were born? Would it be correct to connect points A and B with a ruler and call it a consumption function? Why or Why no..
Distinguish among Dissociative Amnesia and Dissociative Fugue? Which is more common? What might precipitate the emergence of each disorder?
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