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Consider the statement "if b Belongs to C({b, c}) and a is weakly preferred to b, then a belongs to C({a, b, c})", Is this implied by the maximization of a preference? Is it implied by the maximization of a transitive preference? (Provide a proof or a counterexample). Is the statement a testable implication of either?
In the short-run, a firm can experience increasing, decreasing, or constant returns to scale. Decreasing returns to scale are often due to coordination and communication problems that create operating inefficiencies.
On Friday August 4, 2017, the US Bureau of Labor Statistics (BLS) published the following data for July 2017:
Here are his rushing yards from each game: 124, 118, 97, 140, 112 What is the average number of yards he has run?
Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? At what price would no caps be sold? Calculate the price elasticity of demand at a price of $6?
Does a leader being accountable for his actions and decisions knowing that it is for the good of his team/organization is a leader who acts with integrity?
Suppose the (short run) total cost of production for a firm is given by the equation: C(q)=8q + q^2 + 400. This implies that the marginal cost equation is MC(q) = 8 + 2q. Assuming the firm is a representative firm in a competitive market, how much do..
Choose any industry and discuss the reforms done or needed in that industry and demand and supply of a product of your choice and factors that affect the demand and supply sides of the market.
Suppose we collect the following information from a large number of junior and senior level college students: Give specific interpretations for the coefficients in the model, and discuss whether or not they make sense. Based on this equation, what co..
Consider the market for wheat. For each of the cases below, state with a reason whether demand and/or supply would change and what would happen to the equilibri
If you were responsible for advising Elaine at the time of this accident, which risk management actions would you recommend she take
Suppose there are 10 individuals who value a good at {$10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the MC is $1.50, what is the optimal price? Calculate the number of units that are sold, total revenue and total profits. Calculate the optimal prices ..
You will explain monetary policies as they relate to the business environment. What is the effect of the extended period of low interest rates in the US economy on: (a) banks taking deposits, (b) individuals saving for retirement, (c) cities and town..
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