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Given the budget equation 5M + 10P = 100, where M represents movies and P represents pizza, the slope of the budget line is
A) the relative price of one good in terms of the other.
B) the price of good M.
C) the price of good P.
D) dependent upon the quantities of the goods consumed.
an industry is composed of 20 firms all with equal sales. the herfendahl index ratio in this industry is a.1000 b.500
Alfred chan decided to buy an old duplex as an investment. After looking for several months, he found a desirable duplex that could be bought for $300,000 cash. He decided that he would rent bought sides of the duplex, and determined that the tota..
Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years.
1. Briefly describe your company and then benchmark the codes of conduct used by similar companies in the industry. Critique the codes of conduct of at least three (3) similar companies in order to write codes for your company.
Are unions good or bad forthe economy How do unions at GM and Ford affect employment levelsand wages How do unions affect other industries in terms ofemployment and wage levels
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
Explain the influences on channel selection
How does the problem of limited and bundled choice in the public sector relate to economic efficiency? Why are public bureaucracies alleged to be less efficient than private enterprises?
Suppose the market for gelato is perfectly competitive, and that gelato is a constant cost industry. The long-run cost function for producing gelato is TC(Q) = Q^3 ? 2Q^2 + 5Q. The demand for gelato is Q = 300 - 2p. What is the long-run equilibrium p..
Social Security & Medicare programs are sometimes known as: A major difference between social insurance and income assistance programs is that: The primary reason that poverty declined is:? The wage gap between minority and non-minority workers?
suppose that an oligopolistically competitive restaurant is currently serving 260 meals per day the output where mr
(a) Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller Why (b) How does a two-part tariff differ from bundling
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