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If WPP = 30 * 30 represents a consumer's marginal willingness to pay function for a good, then (a) What is the total amount of the good the consumer wants to buy at the price of \$12/unit ? (b) What is the total willingness to pay for 4 units (total amount bought is 4 ) of this good?
Suppose the education an individual acquires makes her a more productive member of the workforce and also decreases the likelihood of her supporting dictator. Explain why market recognizes the first effect, but not the second?
Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.
Origins of the Depression. In tracing the origins of the Great Depression, Berkeley economist Christina Romer argues that the U.S. suffered a large fall in aggregate demand following the 1929 stock market crash. Knowing that the U.S. was on the gold ..
Write a position paper of 1,250 -1,350 words that includes the following: A brief description of the development of business theories leading to Webber's conclusions in the article.
for five countries of your choice collect the gdp per capita from unstats.un.org any year and countries you like where
a) A consumer has a utility function, donuts (A) and peaches (B) given by u(A,B) = square root AB. What is the maximum amount peaches she would be willing to give up for one additional unit of donuts, estimate the marginal rate of substitution of pea..
If the government wants to contract aggregate demand, it can ________ government purchases or ________ taxes.
Formulate the linear programming problem to maximise the profit made by the company.
The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered. The capital investment in the system is $64,000, and the projected annual savings are tab..
We are challenged to provide access to high-quality, cost-effective health care.
What is the break-even probability of collection?
Melissa's utility function is U = min (L, E/2, 2T) where L are lattes, E are eggs, and T is toast. She is on a diet, and her calorie constraint for breakfast is Cbar = 600 calories. Suppose lattes have 300 calories, eggs have 100 calories, and toas..
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