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Using rational theory explain how rational individuals optimize their decision making? And, why sometimes rational individuals make irrational economic decisions?
Draw a graph with “hours of typing” on the horizontal axis and “hours of filing” on the vertical. Do your indifference curves slope upward or downward? Why? Would you expect the indifference curve to be steeper or shallower at points that represent a..
q.need 800 words minimum only original work accepted.consider the following examples of economic activitiespurchasing
It has been said that “prices are like giant neon billboards that flash important information.” Describe the type of information that market prices provide.
The economy of the United States is described by the following aggregate production function: Yt = minimum (Kt, Lt). Saving occurs at a constant rate s. Each period, capital depreciates at a constant rate δ. The population is constant. What is the e..
By how much should the U.S. automakers adjust the price of their automobiles if they wish to increase the volume of their sales by 9.2
Suppose a consumer purchases a combination of two commodities that is on his or her budget line but the budget line is not tangent to an indifference curve at that point. Of which commodity should the consumer buy more of and of which should he or sh..
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
Recessions often are related to the fact that consumers consume less of many of the goods they typically consume. During a recession unemployment typically increases. Relate this behavior to the budget line and indifference curves that we studied.
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. what is the ..
q.a friend of yours is considering two providers of cell phone services. provider a charges 120 per month for the
Ilustrate what concern would you have about this sale and or lease back contract. Explain how would you price these two events differently.
q. 1. what is a business organization?2. what is the most common form of business organization?3. define sole
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