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Mary is buying corn chips and soda. She has 4 bags of corn chips and 5 bottles of soda in her shopping cart. The marginal utility of the fourth bag of corn chips is 10, and the marginal utility of the fifth bottle of soda is also 10. Is Mary maximizing utility? Briefly explain.
the demand curve for a product is given by p60-3qd where p is the price of the product and qd is the quantity demanded
discuss the following questions regarding professional conduct law and your own personal valueswhy doesnt the health
why would china want its own currency to be undervalued relative to the us dollar? how can china maintain an
What is the best practices frontier? How does this relate to competitive advantage? Explain why rent seeking competition tends to dissiapte rents-to drive them down so that there are no abnormal rents?
A decrease in the price the firm receives for its output will cause the firm to: expand output and earn smaller profits. cut wages and payments to factors of production. leave output unchanged and earn smaller profits. reduce output and earn smaller ..
What are the consequences for violating it? Why are laws like this good for protection? How do you propose to enact these standards when you are an administrator?
Determining sample-size is important step when planning a statistical study. It is also quite a difficult task since many variables must be considered.
Discuss the importance and cost of research and development. Does every drug pay off Is strategic behavior important in this market Is product differentiation important in this market
Capitalism refers to: a. the use of markets b. government ownership of capital goods c. private ownership of capital goods d. private ownership of homes & cars
The hair stylist, LTD., is popular-priced hairstyling salon in College Park, Maryland. Given large number of competitors, the fact that stylist routinely tailor services to meet customer needs, and the lack of entry barriers, it is reasonable to s..
Suppose there are two individuals (person A and person B) who have the same preference for Kramer IMAX Theatre, i.e. their marginal benefits from watching movies are exactly the same and the more they watch the lower the satisfaction (benefit) they g..
Derive the demand for bonds. Suppose the interest rate increases by 10 percentage points. What is the effect on the demand for bonds?
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