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A company must divide $250 between the consumption of product x and product y. The relevant market prices are Px=$5 and Py=$10
a.Write an equation for the budget line.
B. Elucidate the consumers opportunity set in a diagram.
c. Show how the consumer opportunity set changes when the price of good x increases to $10. How does this change alter the market rate of substitution between goods x and y?
Explain how has American Express Leveraged its brand into customer segments and created value through different card and program offerings.
Elucidate the marginal cost of a string. Compute marginal revenue and marginal cost for each quantity.
Comput the following with an explanation how you arrived at each result. The Amount Consumers will spend on new consumption.
Explain how would Ford Moter Company use price Elasticity of demand to determine whether to increase or decrease the price.
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
Utilize economic theory to analyze the likely labor-marketplace effects of the growth in these awards, assuming that the wages in these jobs stay constant.
Compute the opportunity costs for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Does either have an absolute advantage in the production of Twinkies.
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
Households deposit $5,000 in currency into the bank that is added to reserves. Illustrate what level of excess reserves does the bank now have.
Calculate the output level and price that maximizes total revenue.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
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