Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic activity consists of either gathering pineapples or fishing. We know Steve can catch four fish in one hour or harvest two baskets of pineapples. In the same time Craig can reel in two fish or harvest two baskets of pineapples. Does Steve or Craig have an absolute advantage in producing fish? Which of the two persons, Steve or Craig, has a comparative advantage in producing pineapples? If both persons only caught fish, how many fish total could they collect in eight hours? If both persons only collected pineapples, how many baskets total could they collect in eight hours? What is the most nu
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Business, 22.06.2019 17:00
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
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Business, 22.06.2019 20:00
How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd β qa. the quantity qe β qa. the quantity qd β qe. (c) how many people die in the market-driven economy?
Answers: 1
Business, 23.06.2019 04:00
The servers at gerry frasier's busy ice cream shop decided that putting more ice cream in the sundaes and cones would bring back more customers. after three months, gerry was surprised to discover that his profit had
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Business, 23.06.2019 12:40
Intoxicated and not aware of the consequences, umberto agrees to a two-year cell-phone service contract with wander talk, inc., at more than the average market price. this contract is not enforceable because the contract clearly favors wander talk. not enforceable because umberto was intoxicated enough to lack mental capacity when he agreed to it. not enforceable because contracting parties can change their minds. enforceable.
Answers: 3
Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic acti...
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
English, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57
Mathematics, 16.06.2020 09:57