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What is Sam's opportunity cost of making one mini-sandwich? What is Sam's opportunity cost of baking one melon appetizer?
Draw Sam's production possibilities frontier. Redraw Sam's production possibility frontier to show impact of increased productivity in making melon appetizers.
At the flower shop, where you manage two employees, your employees perform. Explain how you would approach organizing your employees and assigning them tasks.
Suppose you have a comparative advantage at baking cookies and volunteer has a comparative advantage. Explain how you can both gain from specializing, and why.
Suppose another volunteer is going to help you bake. What would it mean for one of you to have an absolute advantage at baking cookies or cupcakes?
At which you are planning to sell cookies and cupcakes. What would a production possibilities graph of this situation show?
How did Keynes believe governments should adjust their spending patterns in relation to the business cycle? What are some of the dangers of his belief?
Prepare a report on the market for organic foods in the US. Determinants of demand, determinants of supply, and how supply and demand determine price.
What is the most the agency would be willing to pay the first operator? How many operators should the agency hire?
If the monopolist rent out the product, what are the optimal renting rate and the renting quantity in each period?
Which market form would benefit you the producer the most and Which market form would benefit consumers the most.
Water is a vital natural resource that has been likened in some of its occurrences. Discuss the different forms of allocation and decide which is best.
Suppose that there were 15 people are interested in buying good X who had a reservation price of Ksh 500. Discuss What would the demand curve look like?
By using 300 words with citations, Identify the pricing tactics used by Heinz. What form of price discrimination does Heinz use?
In a two-period lived economy, one consumer wishes to buy a TV set in period 1. Calculate the prices the monopoly charges for TV sets in periods 1 and 2.
Suppose that there were 15 people are interested in buying good X who had a reservation price of Ksh 500. What would the demand curve look like?
The price elasticity of demand for the paint is estimated to be -3. Determine the demand equation for the paint assuming that it is linear.
What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30,ROG? The invoice had an April 8 date.
Describe the various rivalries depicted in this scenario, and then use thefive forces framework to analyze the industry.
Suppose marginal social cost of fighter aircraft each year exceeds their marginal social cost. Why are fighter aircraft being produced at an efficient level?
Why do monetarists dislike the PSNCR? What happens to the national debt if a public-sector debt repayment occurs?
Suggest three problems with monetary policy. How have monetary aggregate outturns compared with the targets? What happened on Black Wednesday, September 1992?
What criticisms do monetarists make about a large PSNCR? What are open market operations? When did special deposits cease to be used?
What does 3i (Investors in Industry) provide? What are Eurobonds? What was MTFS? What happened to monetary targeting in the mid-1980s?
Give two non-economic factors that influence share prices?What is Alternative Investment Market? What will be effect on interest rates of a fall in bond prices?