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Economists assume that consumers attempt to maximize their utility based upon their preferences, income and price of commodities. do you see any weakness of the above are you aware of any example of irrational behavior by consumers(or yourself )?
The following six capital projects are considered for a manufacturing company and the project will end at the end of 10 years. The initial investments for the projects are 300k, 400k, 450k, 500k, and 600k. The annual return for these projects are 80k..
Mary’s utility function is U (b, c) = b + 100c ?c2, where b is the number of tomatoes in her garden and c is the number of onions. She has 500 square feet in her garden to allocate between tomatoes and onions. How many tomatoes and onions should Mary..
Morgan Bank starts with $ 200 in bank capital. It then takes in $ 800 in deposits. It keeps 12.5 percent (1/ 8th) of deposits in reserve. It uses the rest of its assets to make bank loans. Show the balance sheet of Morgan Bank.
As an HR manager how might you manage this kind of work environment? How would you keep track of individuals? How might we engage continual development programs?
Licensing the brand name and symbol is an important source of revenue for Harley. What types of products do you think do not fit with the Harley image and therefore are not good candidates for licensing by Harley? Develop a list and discuss your sele..
If the objective is to increase total revenue, should the price be increased or decreased, Explain.
1.nbspnbspnbspnbspnbspnbsp opportunity costs isa.nbspnbspnbspnbspnbspnbsp the money a business loses in a bad
Consider the following possible schemes for taxing a monopoly: A proportional tax on profits. Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from m..
The day after a snowstorm, cars arrive at Mel’s Auto-Wash at an average rate of 10 per hour according to a Poisson process. The automated car washing process takes exactly 5 minutes from start to finish. What is the probability that an arriving car w..
Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response. Describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could ..
You operate a small but popular and profitable restaurant/bar in a college town. Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits.
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
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