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Half the members of a fishing tribe catch four fish per day and half catch 10 fish per day. A group of 10 members could build a boat for another tribe in one day and receive a payment of 45 fish for the boat.
Suppose the boat builders are drawn at random from the tribe. From the tribe%u2019s perspective, what is the expected cost of building the boat?
now supposing that members are selected based on opportunity cost, the minimum cost that the boat could be built for is? fish?
What are the costs of economic growth? Economic growth can result also into: • Increases within pollution noise and congestion • Unnecessary depletion of non-renewable r
How can we answer in Economic terms this questions: Why should the government consider to increase tax on cigarette
1. Suppose the banking system has reserve of $750000, demand deposits of $2500000 and a reserve requirement of 20%. a. if the fed now purchases $125,000 worth of govt bonds from t
A telemarketer makes six phone calls per hour and is able to make a sale on 30 percent of these contacts. During the next two hours, find: A) The probability of making exactly four
Assume that the economy is characterized by the following structural equations: C = 160 + 0.6 (4 - T) I = 150; G = 150; T = 100. a) Determine the equilibrium output level
Suppose P(X1)=.75 and P(Y2/X1)=.40. What is the joint probability of X1 and Y2?
a) Use the arc-approximation formula to calculate the price-elasticity of demand coefficient of a firm's product demand between the (quantity, price) points of (100, $20) and (300,
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Ask question #MinDerive the isoprofit function ?imum 100 words accepted#
Explain how changes in the quality of healthcare will influence the demand for care.
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