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If the utility function (U) between food (F) and clothing (C) can be represented as U = FC, the marginal rate of substitution of clothing for food equals? Please explain how to het MRS from utility function and formula?
You are organizing a group of people to visit a state park for a day trip. You have to rent cars and hire drivers for the transportation. If you rent C cars, and hire D drivers, your utility function is U=min(C, D), because you have to find one drive..
Oftentimes, businesses target their customer service departments as costs to be eliminated (to which I agree to an extent). Customer service costs, however, are tied to quality, rework, pride in product, employee turnover, and a myriad of other varia..
How is GDP a measure of both output and income? How is it possible that both measures of GDP - income and expenditure approach - can end up with the same number?
Discuss examples from economic theory that would be estimated using the methods of simultaneous equation models
How big should hash table be to ensure a mean hash chain length of less than 1. Assume that hash table size is a power of two.
Elucidate why there is a relationship between price elasticity of demand and the effects on total sales revenue.
An increase in the demand for autoworkers may come about because of all of the following EXCEPT a(n):
suppose there is a sudden and permanent decline in potential GDP. Describe the behavior of prices, output, interest rates, consumption, investment, and net exports.
Explain the “objective theory of jurisdiction.” How does it apply to an organization doing business within a foreign country?
Calculate the price and quantity associated with the perfectly competitive outcome.
How would the following circumstances affect workers’ ability to earn higher wages by forming a labor union? Do these conditions increase the union wage premium, decrease it, leave it unchanged, or is the effect ambiguous?
You Sell Short 100 shares of USG which is currently selling for $55/share, and you pay a fee of $8/share. One year from now USG is selling for $35/share and you decide to Buy to Cover your Short position in USG. How much money did you make or lose?
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