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Suppose Jane has chosen a combination of two goods, A and B, such that MU/P of good A is 10 (MUA/PA = 10), and the MU/P of good B is 10 (MUB/PB = 10). To increase utility with the same amount of money, Jane should:
A) increase the number of B consumed.
B) increase the number of A consumed.
C) increase the number of A and B consumed.
D) do nothing; she cannot increase utility with the same amount of money.
The dominant factor affecting medical care delivery and finance in the 1990s was. What is the most important factor leading to rising health care costs in the United States since 1980? Pharmaceutical companies receive patents as an exclusive right to..
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
Thomas has income of $1500 today and $1000 tomorrow. He can lend and borrow at an interest rate of 10%. There is 10% inhalation. His preferences for inter temporal consumption are represented by the following utility function U (c1 ; c2 ) = c1 + c2 ...
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
Research the hotel industry and describe the general environment and the forces in the industry. Using the dimensions of the general environment, identify some factors for each dimension that are influential for your industry.
Using key concepts discussed in the classes, explain why there is a large role of government (either local or federal) in the transportation industry in the real world. Specif-ically, what types of government policies do you expect in the industry? U..
Suppose you are given the following information on All Around Airlines. The average variable cost of producing airline trips varies between 14.5 cents a mile when 50,000 trips per year are produced to 16.7 cents per mile when 500,000 trips per year a..
How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land.
Suppose a fridge cost $1490 in Brisbane in September 2009 and $790 in September 1980. Over this period, what was the real change in price and does this mean the real price of a fridge has risen or fallen over time? Show your working
Which firm would you expect to make the lowest profits, other things equal? Bertrand oligopolist. Cournot oligopolist. Sweezy oligopolist Stackelberg leader
Assume Arturo is willing to trade 6 burritos to Dina for each 10 tacos which Dina produces also send to Arturo.
How does the relative tax advantage change if the company decides to pay out all equity income as cash dividends that are taxed at 15%?
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