Suppose there are 20,000 hours of labor available in Canada. Production occurs under constant opportunity cost. Five hours of labor are required to produce 1 box of bacon, while four hours are required to produce 1 gallon of maple syrup. Suppose world relative price for a box of bacon = 2 gallons of maple syrup. Draw the PPF and explain what good Canada exports. Further, […]
Minnesota: What are the state’s major industries, its main tradable industry or commodity and its government budget size? What are the major challenges the state is facing and the major strengths that make the state unique?
US employers went on a hiring spree in October, adding 337,000 new jobs, many of them for hurricane cleanup. Despite this the Labor Department reported a rise in the unemployment rate from 5.4 to 5.5 percent. The breakdown was as follows: the jobless rate for black people jumped to 10.7 from 10.3 percent; the rate for Hispanics fell to 6.7 from 7.1 per cent, the […]
ture or false 1.Cottage industries replaced textile factories after the Industrial Revolution.- 2.Interchangeable parts were developed by Eli Whitney 3.Most of the new textile machines of the 18th century were invented in the U.S.A. 4.Cotton gins were used to remove seeds from cotton fibers. 5.In the 19th century, steam engines were mainly used to remove pollutants from the air.
Read the article then answer the questions below: Philadelphia’s Soda Tax Goes to Court: What You Need to Know The city is once again ground zero in the fight over taxing sugary drinks WSJ.com Should sodas and sugary drinks be subjected to a special tax? Philadelphia has become ground zero in the national debate over whether to tax sodas and other sugar-sweetened beverages. On Tuesday, […]
aggregate demand is given by the equation D(p)=500-p and aggregate supply by the equation S(p)=-100+5p. suppose a per-unit tax is imposed that reduces the number of units bought and sold in the market to 300 units. what is the size of the per-unit tax?
The MC of coffee is 10. The MC of a banana is 40. Is bundling more profitable than selling separately? If so, what price should be charged for the bundle? I need help determining the price that should be charged for the bundle. Thanks!
Q output TFC TVC AVC AFC 100 190 270 340 400 470 550 640 750 880 1030 1200 Original Technique Q output 150 230 360 435 515 600 695 800 915 1045 1195 1385 Cost Structures & Business Decisions This assignment is designed to challenge your ability to understand realistic cost structures and make profit-maximizing decisions with them. I have included below two costs structures, […]
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