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Question: Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1.00 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. Instructions: Enter your answers as whole numbers.
a. How many pounds of potatoes will she purchase? pound(s) of potatoes.
b. What if she only had $3.00 to spend? pound(s) of potatoes.
Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,200 at the end of its 10-year life. Annual operating costs are $1,100. The machine will perform satisfactorily for the next seven years.
ACCT90004 Accounting for Decision Making. Examine the 'Economic Impact' of staging the 2017 Melbourne International Flower and Garden Show. Your examination can be supported by contemporary historical data (1-2 years old) to give greater validity ..
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
Consider the iron ore production industry and assume that there are just two producers. Both of firms are identical in terms of their production cost, if the two firms can cooperate, what should they do to maximize industry profits? how does your ans..
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Some scholars discern a trend in modern products liability law toward absolute liability or what is sometimes called “enterprise liability.” Under that theory, manufacturers would be held liable for almost every injury resulting from the use of their..
How might a nation's production possibilities be affected by the following?
Calculate the yield to maturity for bond X below. Assume a US bond, which typically has the convention that coupons pay semi-annually. Keep at least two decimal places of accuracy in your answer, e.g. 4.36%
Explain how demand and supply of residential housing has affected the price and quantity for both buyers and sellers.
Starting with the estimated demand function for Chevrolets given in Problem 2, assume that the average value of the independent variables changes to N=225 million, I =$12,000, P= $10,000 P= 100 cents, A=$250,000 and P=O
Describe and discuss the theory or hypothesis you wish to discuss in your paper.
A satellite traveling 8 km/s at a perigee altitude of 500 km fires a retrorocket. What delta-v is necessary to reach a minimum altitude of 200 km during the next orbit?
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