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Question
When looking at networking technologies there are several different typologies. What is the difference between LAN, MAN and WAN technologies?
A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal c..
Graph the following indifference curves for the given utility levels: U (x,y)= min {3y,x} for U= 3, 6, 9, 12, and 15 (what kind of relationship exists between these good? Substitutes, complements?
If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.
Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four ne..
If a restaurant served free steaks, people would consume more and more steaks until their ________ fell to zero. If food were free in your school cafeteria, you would keep eating until. Suppose you buy eight pairs of shoes every spring. This year, yo..
Mrs. Smith has a guaranteed income of $20 per day from an inheritance. Her preferences require her always to spend two fifth (40%) of her potential income on leisure (H) and three fifth (60%) on consumption (C). What is Mrs. Smith budget constraint i..
Consider Claudia Goldin's findings in Chapter 3 of The Gender Gap. Explain the changes between 1900 and 1970 in the occupational distributions of men and women for the major categories examined by Goldin. Also describe the changes in the wage ra..
Consider a project that cost $100,000 and yields a return of $30,000 for five years. At the end of the fifth year, there is a cost of $20,000 to dispose of the waste from the project. Should the project be undertaken if the discount rate is 0? 10 per..
Your dental clinic provides $3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge ..
Most goods can yield. Which of the following is not a determinant of the price elasticity of demand?
The government has decided to impose a new excise tax on the sale of cigarettes. suppose that we know the demand for cigarettes is relatively inelastic, but the supply is relatively eleastic. Which group, consumers or producers, will e affected more ..
If a price taker in a competitive market is going to maximize profits, he must
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