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A consumer buys only jellybeans and wrinkle remover and the more of any one he buys, the lower the marginal utility of that good. In spending all his income, his marginal utility of a pound of jellybeans is 12 and his marginal utility of a jar of wrinkle remover is 15. The price of jellybeans is $8 per pound and the price of wrinkle remover is $11 per jar. For maximum satisfaction, this consumer should
a) buy more wrinkle remover and fewer jellybeans.
b) by less wrinkle remover and more jellybeans.
c) buy more wrinkle remover and the same quantity of jellybeans.
d) buy the same quantity of wrinkle remover and more jellybeans.
In approximately 1500 words answer the following question examine the proposition that there exists a correlation between the amount of gross fixed capital formulation and the rate of economic growth , explain the significance of your result (Please ..
What is the equilibrium price and quantity of fertilizer in an unregulated, competitive market? What is the efficient quantity of fertilizer?
What are the sources of human capital and Discuss some specific examples and what is the law of diminishing returns? Give an example of what law of diminishing returns implies.
The annual rate of growth of real GDP in a developing nation is 0.3%. Initially, the countries' population was stable from year-year. Recently, however, a significant increase in the nation's birth rate has raised the annual rate of population growth..
Illustrate the stated direction of recent monetary policy. What recent actions have the Federal Reserve taken to confirm that direction
fri 23rd of march 2012 2000 words 25 marks competition in the australian market for groceries the retail grocery sector
1. A consulting firm estimated the market demand and supply functions for coal in 2014 and obtained the following results:
You are considering the purchase of a three year corporate bond. The denomination is $1,000 and the market price is $970.00. The interest is paid monthly at $8.90.
have just been hired as a financial analyst for basel industries. unfortunately company headquarters where all of the
1. the largest component of spending in the circular flow model isa. investmentb. consumptionc. net
matt is a 25 year old engineer and his salary next year will be 60000. matt expects that his salary will increase at a
Explain how could government make a choice among two health effects.
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