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Government have one billion to spend either on health service or building a new road. it decide on health services, what is the opportunity cost
Microeconomics, Economics
Question: Suppose that demand for rollerblades is given by D(p) = A - p. The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is MC(y) = 2wy. Assume that the ...
Question: Between 1992 and 2002, the University of California's stock market holdings underperformed market averages by $2.3 billion. Officials pointed out that the loss was unimportant because they actually grew by $20 ...
Question: Topic: The Annual Budget Deficit in the US Describe the change that must occur for it to come about. Also identify the major barriers or resistance to change and how you would propose to overcome them. Finally, ...
Assignment 2: Writing Assignment: Costs and Revenues Structures If viewing this through the Assignment tool, click the title above to go to the Submissions area. This assignment will enable you to: Create tables to illus ...
Question: Few years ago, Delta Airlines and Northwest Airlines merged together and created the largest airlines in the world. The logic was to be more efficient and improve profitability. Briefly explain how the merger c ...
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Question: How were the interests of Southern states addressed by the Three-Fifths Compromise and the lack of export taxes? What were the major points of the "Virginia Plan" at the Constitutional Convention? How did the " ...
Question: Suppose a consumer is consuming a bundle of goods X and Y which lies on their budget constraint. If the indifference curve which runs through this bundle is steeper than the budget constraint, explain what the ...
Question: To solve the congestion problems of the big cities, Congress decides to increase the Federal gasoline tax by 25 c per gallon, with a rebate to largely rural states; the net effect will raise approximately $20 b ...
Question: Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages. Given the rising cost of going to college, explain why a college ed ...
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