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Which of the below are examples of substitute goods
A. Butter and oil
B. Bottled water and tap water
C. pencils and paper
D. All could potentially be substitute good depending on the preference of the buyer
E. None of the above could be substitute goods
What are the potential implications of globalization without consideration of cultural differences on ethical issues? Cite specific examples.
What is the sampling distribution of p ? for this study? What is the probability that the sample proportion p?
The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.
find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch
A Bristish pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now,with the protection afforded by patent rights,the company has the potential to reap enormous gains.
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
A major problem for the implementation of privatization during the early years of transition in the formerly planned socialist economic systems has been
Assume , at its present rate of output, a perfectly competitive firm's marginal revenue exceeds both its marginal cost and its average variable cost. To maximize profit, the firm should.
Consider the marginal cost for a product like Microsoft Windows 8. How does the marginal cost for a product like this differ from a product like automobiles? What relevance might there be to this difference?
Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.
When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros?
Calculate the elasticity of supply when an increase in demand causes the equilibrium price and quantity to change from $2.00 and 500 to $2.80 and 1,000, respectively.
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