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An island economy produces only two goods, coconuts and pineapples. There are four people (Adam, Bella, Carla and Daniel) living on the island with following preference.
'Adam' has a stronger preference for pineapples but likes coconut too.
'Bella' hates pineapples but loves coconuts
'Carla' hates pineapple and hates coconuts
'Daniel' does not care one way or the other about about pineapples (assigns no value to them) but he loves coconut?
Please illustrate (draw) the preferences of Adam, Bella, Carla and Daniel.
Read the following article: “Porter or Mintzberg: Whose View of Strategy Is the Most Relevant Today?”. What is the difference between deliberate strategies and emergent strategies? How might emergent strategies help with a future strategic planning p..
The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
q1. the wage rate is pound5 and the rental rate cost of capital is pound2. calculate the lowest cost method of making 4
Write an essay about each of the IPE perspective has at its center a fundamental value or idea. What is the central idea of mercantilism, of liberalism, and of Marxism?
At arraignment, Slick Martin is first becoming aware of the fact that the grand jury has indicted him for robbery. The charges are read to him. Next, the judge considers counsel for Martin. What are the judges choices on providing Martin counsel?
A firm uses capital and labor to produce output according to the production function q =4 rad(KL) , for which MP L= 2 rad(K/L) and MP K= 2 rad(L/K). If the wage w=$1/labor-hr. and the rental rate of capital r=$4/machine-hr., what is the least expensi..
Paul Schumer and Jim Miller, two analyst at a research institute, discuss the rising costs of higher education in their country. Paul feels that escalating tuition fees in colleges and universities are indicative of a bubble in the higher education m..
Illustrate what is standard inconsistent cost. Illustrate what is the marginal cost.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
Illustrate what does the difference in the relative black-white wage ratios across regions indicate that Southern employers discriminated more than Northern employers.
A decrease in the money supply leads to an initial increase but a long-run decrease in the equilibrium interest rate if the _____ effect dominates other effects.
Suppose a human life is worth $10 million. Installing a better lighting system in the city park would reduce the risk of someone being murdered there from 3.5 to 2.9 percent over the life of the system. The city should install the new lighting system..
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