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asume that Bob consumes goods x and y according to the following utility function, U (x,y) = 2x + 4xy + y
compute Bob's marginal rate of substitution for good x and for good y. Is the MRS diminishing?
Describe a sequential game facing your firm, and represent it in extensive or tree form. Compute and analyze the equilibrium of the game.
A new taco-making machinery which is similar in size and cost to hog dog carts has encouraged more street vendors to begin selling tacos.
An individual's taxable income increase from $20,000 to $30,000 a year, and taxes paid amount increase from $5,000 to $8,500. Determine the individual's marginal tax rate is:
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
practicing organizational theory store learning form groups of three to five people and discuss the following scenario
Is the demand for electricity much price elastic when measured over a short period of time or a long period time. Explain.
Write a letter to the editor of your local paper either supporting or criticizing the proposed $500,000 subsidy.
A watch manufacture finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total cost rise, fall, or stay the same.
Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.
Discuss whether managers are justified in monitoring employees to this degree. Demonstrate how each element of human resource strategic planning supports the other elements through a (brief) scenario showing the likely consequences if one element ..
The issue is whether monetary policy can do the trick or not, and it would appear to many that it can't. This clip comes from late 2008 when the economy was entering a recession. a) what is meant by monetary policy "doing the trick"
Find MPS (marginal propensity to save), MPC (marginal propensity to consume) and the multiplier. b. What is the break-even level of income? c. Would you consider the break-even point as the equilibrium point? Why or why not?
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