External link to Comparative advantage

Comparative advantage

2. Sarah and her boyfriend Mike want to save some money to pay for their wedding. So they decided to help people in the neighborhood by cleaning their garages and mowing lawns. Sarah takes 60 minutes to clean a garage and 80 minutes to mow a lawn. Mike takes 80 minutes to clean a garage and 80 minutes to mow a lawn. Sarah and Mike […]

External link to 1. Mr. Alpha: Enough with that elasticity junk. Just tell me this – at what price do we maximize…

1. Mr. Alpha: Enough with that elasticity junk. Just tell me this – at what price do we maximize…

1. Mr. Alpha: Enough with that elasticity junk. Just tell me this –at what price do we maximize total revenue?” 2. Ms. Beta: “Yes, and what is our price elasticity at that price?” 3. Mr. Cappa: “You marketing folks always talk about revenue. Forget revenue, profits are what matter. What us finance guys want to know is –at what price do we maximize profits?” 4. […]

External link to Pele enjoys coffee (C) and tea (T) according to the function U(C, T)=6C+8T What does her utility…

Pele enjoys coffee (C) and tea (T) according to the function U(C, T)=6C+8T What does her utility…

Pele enjoys coffee (C) and tea (T) according to the function U(C, T)=6C+8T What does her utility function say about her MRS of coffee and tea? Suppose the price of coffee (PC) and the price of tea (PT) are both $3. If Alana has $12 to spend on these products, How much coffee and tea should she buy to maximize her utility? Draw a carefully […]

External link to A restaurant owner has the following short-run production function: Q = 30L – 2L 2 where Q =…

A restaurant owner has the following short-run production function: Q = 30L – 2L 2 where Q =…

A restaurant owner has the following short-run production function: Q = 30L – 2L2 where Q = number of meals served per day, and L = number of workers. a) Determine the short run maximum output that the owner can produce. (4 marks) b) Calculate the output at which the average product is maximum. (4 marks) c) Identify the efficient stage to hire labor. (2 […]

External link to A. Suppose a random sample of 100 25-year-old men is selected from a population and their heights…

A. Suppose a random sample of 100 25-year-old men is selected from a population and their heights…

Steam at 15 bar and 200°C is supplied to a convergent-divergent nozzle against a back pressure of 4 bar. Expansion is supersatuated up to the throat and the nozzles are rectangular in shape, its width being 2.5 times the breadth. For a mass-flow rate of0.3 kg/s, find   (i) Dimensions of the nozzle at the exit,                      (ii) Degree ofundercooling and supersaturation,   (iii) Increase in entropy.

External link to Hi, I would like to ask a help with my Assignment in Microeconomics. Please see the Attached…

Hi, I would like to ask a help with my Assignment in Microeconomics. Please see the Attached…

How do infections present? How do cells infected with these organisms appear on microscopic examination? How are these transmitted? What diseases does Moraxella catarrhalis cause? How is M. catarrhalis infection treated? What sexually transmitted disease (STD) is caused by Haemophilus ducreyi? What is the treatment of H. ducreyi? Which bacterium produces a lipase that contributes to the genesis of acne skin infections? What is the […]

External link to A. Why does a confidence interval contain more information than the result of a single hypothesis…

A. Why does a confidence interval contain more information than the result of a single hypothesis…

Suppose the exchange rate changes so that fewer Japanese yen are required to buy a dollar. We would conclude that a. the Japanese yen has depreciated in value. b. U.S. citizens will buy fewer Japanese imports. c. Japanese will demand fewer U.S. exports. d. none of the above will occur.

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