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Your firm wants to write a contract with a supplier to purchase inputs. The marginal benefit of the contract is: MB(L) = 20 - L, while the marginal cost is: MC(L) = 3L. Draw the MB and MC curves on the graph below. Solve for the optimal contract length (x), and indicate this value below.
X is the years and
Y is the $
q.consider two goods that are perfect complements. for instance car frames and tires. an individual likes owning cars
If two goods are substitute goods,
Conduct research on the current state of Social Security. Your 5 page paper should address the following: Explain the concept of Social Security as originally envisioned by President Roosevelt. Evaluate the viability of Social Security within the nex..
Allocative efficiency (where P = MC) is most likely to occur under which of the following type of market structures?
Post a 1- to 2-paragraph description of the expected behaviors an individual might change because of a long-term relocation to another country. Explain how the choice to assimilate or acculturate might affect the choice of behavior changes. Explai..
In order to reduce the unemployment rate jobs must be created... new jobs! Both the Federal Reserve and government have proposed a number of solutions and programs in order to create these jobs. In your opinion which do you believe is the most effect..
Bell Canada announced a four-year agreement worth about C$84 million to implement an integrated network based on Internet Protocol Communications and convert about 1,100 bank branches to an IP Virtual Private Network across Canada for the Bank of Mon..
1.does easy access to distribution channels at best buy office depot as well as the direct- to- consumers on the
The price elasticity of a demand for a good is -0.94, the cross-price elasticity is 1.94, the income elasticity is 1.23, and consumers currently purchase 1,318 units of the good. Find the change in units demanded when the price changes -3.2 percent.
You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year? You were told that..
Helen’s preferences over CDs (C) and sandwiches (S) are given by U(S, C) = SC + 10(S + C), with MUC = S + 10 and MUS = C + 10. If the price of a CD is $9 and the price of a sandwich is $3, and Helen can spend a combined total of $30 each day on these..
In 2010, a Big Mac was priced at $2.49 in New York, 3.36 euros in Rome and 12 yuan in Beijing. If the exchange rates were $.72 euros = 6.63 yuan, in which city that Big Mac was most inexpensive? Please show the process.
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