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Jack and Phil both like apples and oranges. Jack's preferences over these two goods are represented by the utility function U(xa, xo) = log(xa) + log(xo), where xa is the number of apples consumed and xo is the number of oranges consumed. Phil's preferences are represented by the utility function U(x , x ) = x10x10. Their friend Ken sees this and claims that Jack and Phil have the same preferences. True or False? Explain.
Assume a firm has production technology given by f(L,K) = L^1/3 K^1/3. Assume pK = 1 = pL and compute the firm’s short-run and long-run cost functions.
The demand for good X has been estimated by Q xd = 12 - 3Px + 4Py. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity.
For most industries, globalization is arguably one of the more common business trends of the last decade. As your text indicates, there are several considerations that must be evaluated from a contracting standpoint relative to multi-nation operat..
Suppose that a firm's production function is given by Q=K^0.33L^0.67, Where MPK=0.33K^-0.67L^0.67 and MPL= 0.67K^0.33L^-0.33. As K increases, what happens to the marginal product of labor? Why would the MPL change as K changes? What happens to the ma..
What is the relationship of the business cycle between Canada or Mexico with the U.S. business cycle? What about the relationship of South Africa with the U.S. business cycle? What about the relationship between the business cycle of England and West..
In this assignment, you will be completing a quantitative analysis. It should be 2 to 3 pages in length (not including title page and reference page).
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
The market mechanism is the tendency for supply and demand to equilibrate, so that there is neither excess demand nor excess supply. Provide a graphical and written explanation of that statement.
You are the manager of a NOC. Set up a procedure that would help your operators track the failure of a workstation that is on a virtual LAN.
Time to get real--real world, that is. Drop the following articles into your smart phone or bookmark them on your computer and read them over the week. Post a comment on one of them or add another link to something relevant. Thoughtful people all ove..
Attach your UML Class Design document to your main discussion post, and include any notes that you feel are appropriate in the post. The purpose of this assignment is to help improve the quality of your Key Assignment.
1. Should he take that opportunity? 2. For a price of $25 thousand dollars, ING offers Jay to insure his investment, which means that if Greece does default, ING will repay him his initial investment, which is $50 thousand. Should he purchase insu..
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