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Diminishing marginal utility
Prove that a diminishing marginal rate of substitution neither implies nor is implied by diminishing marginal utility.
Elucidate considerations would guide a profit maximizing company in deciding how to allocate its research budget.
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
The cenima manager observes that the increase in price causes attendance at a given movie to fall from 300 persons to 200 persons.
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
A hearing is scheduled for your company to present arguments that your firm has not increased its market power through the merger. Can you do this and how. What evidence might you bring to the hearing?
For automobiles BWC sells chrome wheels for automobiles. At a price of $600 per set, they sold about 900 sets per month. Illustrate what is the arc price elasticity for this product.
It all begins two years ago when the officials in Plentiful decided to raise the tipping fees at their Raw End
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
Explain how has the introduction of females also minorities in the corporate structure impacted the supply of labor and the economy.
Assume the economy is slumping into recession and needs a fiscal policy boost.
If average variable prices are assumed to remain constant over a 10 percent increase in output, elucidate the effects of the proposed price cut on total profits.
Compute the point price elasticity of demand for bearing grease.
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