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If the Cost of Plaster and Labor Were $13 Per

question 32

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if the cost of plaster and labor were $13 per gnome and everything else is as in the problem (gnome molds cost $1,000, interest rate is 10%) , what is the lowest price of gnomes at which there would be a positive supply in the long run?


Definitions:

Brain Size

The physical size of the brain, often related to various factors including species, age, and cognitive abilities.

Facial Muscles

A group of striated skeletal muscles situated beneath the skin of the face, involved in facial expression.

Early Hominids

Members of the early human lineage, including all species closely related to humans after the split from the lineage leading to chimpanzees and bonobos.

Mating Patterns

The behavioral strategies or practices of a species in relation to reproduction and selection of partners.

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