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Q1. Assume Valerie is consuming lipstick (L) also eye shadow (E) also nothing else. MUL = 24 also MUE = 40. The price of eye shadow is $5 also the price of lipstick is $4. Illustrate what should Valerie do?
Q2. 1.Was there a UFW-Almaden contract in effect when the Paicenes vineyard was leased by Heublein to Glen Ellen?
2. Elucidate how did Glen Ellen get grapes pruned also harvested at Paicenes vineyard? Elucidate how did Heublein manage Paicenes vineyard in 1989??
3. Why did M Hat argue that he had no obligation to abide by the UFW-Almaden contract or to bargain with UFW?? Did Hat violate the ALRA? Elucidate how?
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
That of the following would mostly likely cause the Demand for miller beer to reduce.
Assume that the pool of utilized textbooks grows further during the second year of the latest edition
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
Illustrate what is the Accord's perceived relative advantage with respect to reliability.
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Demonstrate by example about production which exhibits constant returns to scale.
Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
Elucidate how much should Joseph's income increase to compensate for the rise in the prices of roses.
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