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Suzy has just finished her economics exam and must decide whether to spend it: a) going home and just sitting around;b) going to the sauna;
c) having a couple of margaritas, or; d) going to a movie. She can do one, all, none, or any two of these things. The question is, what should she do? Here is the data: It doesn't cost anything to go home and just sit around. The marginal utility of the sauna is 40 utils and the price is $10. The marginal utility of the two margaritas is 45 utils and the price is $9 for two margaritas. The marginal utility of going to the movie is 50 utils and the price is $10. Suzy's marginal utility of a dollar is 6 utils per dollar. Choose the best answer from A) through E).
A) Choose only a.
B) Choose only b.
C) Choose only c and d
D) Do only b, c and d.
E) Choose only b and c.
Imagine a local government is considering opening a public swimming pool in a residential neighborhood
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According to the researchers, ‘‘correlational analysis revealed a small but signi?cant inverse relationship between [actual] pain tolerance and the reported severity of chronic pain.'' Based on this statement, is the value of r for the 337 patient..
Give one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.
the engineering department of a large firm is overly crowded. In many cases, several engineers share on office. It is evident that the distraction caused by the crowded conditions reduces the productive capacity of engineers considerably.
What are the major factors that determine demand of a particular product or service and how do they affect demand? How do income and substitution effects, and elasticity effects?
The partners were finding it difficult to service all three business models they had identified. If they chose to pursue two markets, which would be most complementary?
explain how rent seeking can lead to a drop in productin of goods and services.what role might the underground economy
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research each of these organizationsagreements. then write a paper describing each of these agreements in detail -
you are a financial analyst with a specialization in the motion picture industry. you have been hired to analyze the
Find the path of y given the initial value of k, k (0). Is the speed of convergence to the balanced growth path, d ln[y(t )- y*]/dt, constant as the economy moves along the saddle path?
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