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Mary has income of $120 and she spends all of this income on either shoes (price of a pair of shoes is $40) or shirts (price of a shirt is $10). Draw Mary's budget line, BL1, on a graph with shoes on the horizontal axis and shirts on the vertical axis. Write an equation for Mary's BL1. Then, suppose that Mary's income doubles: on your graph draw Mary's BL2 based on this information. Write an equation for Mary's BL2. In words describe any similarity between BL1 and BL2: explain why this similarity exists.
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
q1 many factors determine the supply and demand for labor. identify and explain two factors that would increase or
As we all know, at current it is illegal for parents who want to adopt a child to pay the birth mother for, or to offer to pay for, the babies they adopt.
Describe three ways we can use macroeconomic analysis, with one (1) original example for each way.
exercise 1the attributes of alecturer are name payroll number department and salary.write a function which takes a
Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.
The plant will cost $10,000,000 to build, has an annual operating expense of $600,000, and must be renovated every 20 years at a cost of $1,000,000. The trust fund earns 6% interest. What amount must the company put in the trust fund?
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Explain why does the aggregate supply curve become very steep after potential output is reached. What does it mean for inflation when the demand curve shifts and crosses into this steep portion of the supply curve.
How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?
Explain how could government make a choice among two health effects.
How do people earn income Should you just consider what you want to do without considering what others' value, especially prospective employers Who best determines what to do for a career, when to do launch and what to accept in wages
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