Assume the demand for lumber suddenly rises because of a rapid growth of demand for new housing. Assume no change in supply. Why does the equilibrium price of lumber rise? What would happen if the price did not rise under the demand and supply circumstances described?

How many elements are there in each of the following vectors? What are the values of the elements?

(a) vector v1;

(b) vector v2(10);

(c) vector v3(10, 42);

(d) vector v4{10};

(e) vector v5{10, 42};

(f) vector v6{10};

(g) vector v7{10, "hi"};

Multiplication of Whole Numbers Multiply.

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Table shows the demand schedule for Lin’s Fortune Cookies. Table shows some cost data for Lin’s. Use this information to work Problems (Hint: Make a sketch of Lin’s short-run cost curves.)

At a market price of $50 a batch, what quantity does Lin’s produce and what is the firm’s economic profit in the short run?

In studies of how traits are inherited, what makes certain species candidates for model organisms?

a. They are the first organisms to be used in a particular type of experiment, so they are a historical “model” of what researchers expect to find.

b. They are easy to study because a great deal is already known about them.

c. They are the best or most fit of their type.

d. They are easy to maintain, have a short life cycle, produce many offspring, and yield data that are relevant to many other organisms.

Explain why plant diversity may be considered a no renewable resource.

(Stock split) Reconsider the problem faced by Templeton Care Facilities, Inc from Study Problem. If the firm’s board of directors decided to use a stock split rather than a stock dividend, how many new shares should the firm issue for each outstand ing share?

Problem

(Stock dividend) Templeton Care Facilities, Inc. is contemplating a stock dividend. The firm’s stock price had risen over the last three years and was trading al $150 per share. The firm’s board of directors felt that the trading range should be around $.50 to $100. so they wanted to initiate a stock dividend that, other things remaining the same, woukl result in a $50 share price. What should the stock dividend be so as Id result in the desired change in the firm's stock price?