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Suppose a consumer uses his income to buy food (F) and clothing (C) (note, his preferences are to not go without either). The current composite market price of food is $2.00 per unit and the current composite market price of clothing is $5.00. The consumer is currently exhausting all of his income and consuming a bundle (F,C) such that his Marginal Rate of Substitution (?C/?F = MUF/MUC) is 3.
Draw the consumer's budget constraint and indifference curve to illustrate this condition. Is the consumer maximizing his utility? If so, explain why. If not, explain why not, explain how the consumer should adjust his purchases, and illustrate the result graphically.
How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? Draw a curve for average fixed cost (AFC) as production increases, and explain why the curve continuously decreases.
How could an employee's privacy protections enhance his or her motivation and productivity on the job in a healthcare/hospital environment?
What role does accounting play in business operations? How dependent do you think a business is on its accounting department? Why?
The company has decided to produce at least twice as many laptop computers as desktop computers.
Discuss some of the challenges you may face in this new environment. What are the cultural, ethnic, social, and educational characteristics? Describe the political and legal systems. How much does the government intervene in the private sector
What is concessionary bargaining
success case evaluation method and five steps of scmcan you help me explain how the scm approach could be used to
If 15,000 units of the new product could be sold at a price of $16.00 per unit, and the company's other business did not change, calculate Meyers's total operating income and average contribution margin ratio.
Your boss has asked you to do what you need to understand the system and has asked for a memo with your observations and recommendations by the end of the week.
What are the changes over the past years that have become points of attraction for foreign nationals to work and to establish business concerns in the region?
Illustrate what industries does this country currently protect and explain why? Illustrate what economic policies does the country use to protect these industries? Could the labour in these industries be retrained?
question set analysis1. identify the problem with the following questionnaire itemsa.which is the most serious social
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