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Q1. Megan used to work at the local pizzeria for $15,000 per year but quit in order to start her own deli. To buy the necessary equipment, she withdrew $20,000 from her inheritance, (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000. She asked her dad the accountant and her mom the economist to calculate her profit for her.
Q2. Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack. How can Joe maximize his utility?
Converse alternatives to GDP as a measure of economic benefits in a current economy.
Does either firm have a dominant strategy. Is there a stable equilibrium.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
What are some fiscal policy recommendations being recommended by current leadership.
Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Wwhat is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
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