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Presume Richard has an after-tax income of $500 per week and should spend it all on food or clothing. If food is $5 per pound and clothing is $20 per piece, draw his budget line on a piece of graph paper, where the amount of food is gauged along the vertical axis and the amount of clothing is measured along the horizontal axis.
Suppose that competition among several market makers forces the spread down to $2. How many goods are traded?
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
Gamma Corporation, one of the firms that retains you as a financial analyst, is considering buying out Beta Corporation, a small manufacturing firm that is now barely operating at a profit.
Outline a micro-economic reform issue that is relevant to the Australian economy market and how successful do you think these reform measures were and say why referring to some data or research that has been performed.
What recommendation would you have for each state to maximize revenue?
a firm must raise 10 million dollars in funding for a capital investment project. 2 million will be raised by issuing
Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?
If the firm has $20,000 on hand, with only these two project to choose from, will they invest in A, B, neither or both? Show the calculations that lead to your conclusions. Explain whether you answers would be different for either project if the f..
your company is considering a replacement of an old delivery van with a new one that is more efficient. the old van
1. general utility maximizationlist the oumlrst order conditions for the following problemfirst ignore the implicit
construct the ad sras and lras curves for an economy experiencing a full employment b an economic boom and c a
Montana is home to a number of firms offering wilderness hunting experiences to wealthy city dwellers. However, the profits of such firms depend on how crowded the "wilderness" is and how many deer are available.
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