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Question: There are two perfectly divisible goods. A consumer wants to buy as many units as possible of these two goods. The consumer has an initial wealth w S100. The price of good l is pi = $4 per unit. The price of the first 30 units of good 2 is P2-$2 per unit. If the consumer buys more than 30 units of good 2, the price of each extra unit of good 2 increases to p2 S4. Draw the budget set for this consumer in detail.
Describe a situation where you were no motivated at all... What was missing? Why weren't you motivated? (again use a work situation if you can).
Consider a project that needs a fixed investment, I, and which yields a gross return of y > I with probability p, and a gross return of zero with probability.
Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.
The model of the economy
The government levies an excise tax of five cents per unit sold on sellers in a competitive industry. Supply and demand curves have some elasticity with respect to value.
Suppose that Omar's marginal utility for cups of coffee is content at 1.5 Utils per cup no matter how many cups he drinks. On the other hand his marginal.
Due to competition from a new plastic, revenues for the mainstay product of Toys-R-Plastic are declining at 5% per year. Revenues will be $2M for this year.
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.
Which of the following statements is true? A: federal debt is another name for federal budget deficit. B: each year the budget deficit of the federal government adds to the federal debt
In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units
Explore the questions associated with your chosen case study and discuss them using concepts you learned in this course.
Provide two examples of where an organization and management excelled in ensuring employees were properly compensated, including benefit packages.
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