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When is marginal utility of a consumer is equal to average utility in a market where there is every kind of products and the consumer is constrained by scarcity choice?
In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their respective markets. As a manager at Florida Power & L..
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
Consider the following sequential game between two players, A and B. First, A chooses between "trust B" or "do not trust B." If A decides not to trust B the game ends and each player obtains a payoff of 0.
For many years, AT&T was a regulated monopoly, providing both local and long-distance telephone service.Explain why long-distance phone service was orginally a natural monopoly.
Assuming that a production process uses the best available technology, it is said to be technically efficient and the production function will then indicate the maximum physical output. What use can you personally make from this relationship
Investment can be increased both by reducing taxes on privatesaving and by reducing the government budget deficit. a) why is itdifficult to implement both of these policies at the same time?
a. Calculate the motel's breakeven level. b. Calculate the revenue level that will provide operating income(before tax) of $65,000 a year.
Why can the distinction between fixed costs and variable costs be made in the short run. Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges, payments for raw materi..
in professional sports the decisions about tv contracts salary cap free agency entry in to a new market are made by
What is the composition of GDP by percentage, what is the GDP per capita and If government purchases go up in the short run, what happens to GDP?
Senator Patrick Leahy looks on as President Barack Obama signs into law the America Invents Act, a law Leahy had authored with the aim of boosting the rate of U.S. innovation via an overhaul of the nation's patent system.
What did the central banks do to stabilize the financial systems in 2007-2009 and Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.
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