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1. Suppose Kevin has the Cobb-Douglas utility function u(x; y) =(x^a)(y^1-a), where 0<a<1 , x >0 and y > 0. His budget constraint is px+y=m.
a) Solve for Kevin's demand function x(p).
b) Explain why his demand curve is decreasing in p.
Crude oil is normally tranported by Pipeline. However, with the increase in oil production in North dakota, How much of this new oil is transported by rail. Do you think more transportation of oil by rail is OK? Are there options? What about the K..
Then assess from the information and the drivers that were making the change necessary for the company the steps and rationale of the system
Assuming that the owners of labor and capital had to make prior specific investments in their specialized factors, explain the source of "failure"( or Pareto non-optimality) that emerges when the parties do not cooperate prior to participating the..
part-1at work and personally we are bombarded with business related messages on a daily basis. these messages come from
Select any company preferably a real one, and try to identify one key business process that is not supported by IT to analyze and suggest some improvement on it.
Write a paper of 1,250-1,500 words that presents your complete personal model of leadership. Be sure to incorporate the instructor's feedback from the draft of Part 1. The 2 parts involved in creating your personal model of leadership are as follo..
The constant growth model is used in textbooks as a conceptual model to explain changes in stock prices. Is the model also of value for the actual valuation of stocks?
How many of each type should Kite 'N String make to maximize profit? What is the maximum profit and which constraints is/are binding
The company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount, but takes the full 15 days to pay its bills. What is the average accounts payable for APP?
What theory or theories would Maurice use?
If this is not so, is it possible to groom good managers from the ranks of non-managers that show good leadership?
this assignment will allow you to evaluate and analyze cultural issues that may arise when communicating in
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