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Question: Felix loves steaming shows on two platforms, A and B. He is willing to substitute 2 hours spent on A for 3 hours spent on B. Let xA denote his time spent on A and xB denote his time spent on B.
Let pA denote platform A's price of streaming service and pB denote platform B's price of streaming service. Felix's budget is denoted as m. Derive his demand functions xA(pA, pB , m) and xB (pA, pB , m)
What is utility and how do we use the concept of utility to describe a consumer's preferences? The response must be typed, single spaced.
1. find an article online illustrating a change in demand or supply in some market.2. analyze the situation using
Briefly discuss whether this problem provides enough information to determine whether the equilibrium price and quantity of trucks increased or decreased.
Analyzing the types of power they use to be successful has been very interesting to learn - there were very insightful posts by the fellow students
Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.
The latest economic news was not very positive. Unemployment rates were higher than expected, consumer confidence had fallen, and companies were reporting layoffs were in order. The Federal Reserve chairman acknowledged the economy was in a recess..
Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented ..
How would your conclusion change if Mathew purchased a new smart-phone app that could show the status of the highway traffic prior to their drive each morning.
the federal reserve controls the three tools of monetary policy-open market operations the discount rate and the
ibm purchased computer chips from nec a japanese electronics concern and was billed yen250 million payable in three
Describe Fisher equation and the basic concept. Summary Efficient or effective market what is the difference between interest rate and nominal interest rate.
A client has asked you to help them retain talented workers. They are facing high turnover in their engineering departments. They are unsure what is creating this problem but exit interviews with the engineers have indicated that there may be a ..
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