Suppose the country of Starland can produce one pair of shoes using 5 machine hours and 1 labor hour, and it can produce one computer using 3 machine hours and 2 labor hours. Home has a total of 4000 machine hours and 2000 labor hours available for production. a. Given this information, write down the resources constraints for Starland.
b. Draw the production possibilities frontier for Starland, with computers on the y-axis and shoes on the x-axis.
c. What is the opportunity cost of shoes when Starland is producing mostly computers

Goods and services that can be used for the same purpose are and goods and services that are used together are

Dr. dow jones wants to know whether a problem-based approach to teaching economics will result in higher academic performance than his traditional method. of the six sections of economics 101 at his university, dr. jones randomly assigns three sections to the traditional method and three sections to the problem-based method for unit 1 of the course. then all sections switch the instructional method for unit 2. he plans to compare the performance of the two groups of sections on their unit 1 and unit 2 exams. this study employs a design.

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?