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Give and research atleast 5 business (small or big business companies) who almost closed their business during covid pandemic but still manage to survive their business and what are their strategies to cope up?
The Technical Rate of Substitution between factors x2 and x1 is -3. If you desire to produce the same amount of output but cut your use of x1 by 4 units, how many more units of x2 will you need? Explain.
What is the probability that a single doe captured (weighed and released) at random in December is undernourished? (Round your answer to four decimal places.)
q1. assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run. if price
Income per year: $60,000 $60,000 $80,000 Movie Ticket Price: $11 $13 $13 Rounds of Golf: Quantity Demanded Quantity Demanded Quantity Demanded Price = $50 15 10 15 Price = $35 25 15 30 Price = $20 40 20 50 a. Using the data under D1 and D2, calculate..
In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. In your diagram show the effect of this policy change. Will this policy increase t..
1. What are the major procedural rules governing the civil litigation process?
How much does each firm produce if they move simultaneously? What is the equilibrium price?
If the government enacts floor of $50 per unit, what is the loss in consumer surplus?
A number of people have argued for a flat tax with each person getting a personal exemption of, say, $10,000, meaning that they pay zero tax on the first $10,000 of income and then 20% on all income above that. Is such a flat tax progressive, proport..
How might the firm deal with the problems that such a strategy poses?
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. Use a demand-and-supply graph to analyze the effects of these ..
Essential Problems in bold: Demand with a quasi-linear utility function. Consider a consumer with the following utility function u(x1, x2) = √x1 + x2. This is an example of a Quasi-Linear utility function. Calculate the MRS for this consumer for gene..
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