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Questions:
Alice runs a cupcake business. She uses lots of caster sugar in her baking (a very fine sugar). Alice also owns a thermomix, thus regular white sugar is a perfect substitute for caster sugar. However, regular sugar comes in 2kg bags, while caster sug..
BECO107 Business Economics Assignment - Group Oral Presentation and Group Report, Kent Institute, Australia. Provide a briefly discussion on GDP growth
Assume that some rational consumer X has satisfied the optimal purchase rule (the equi-marginal principle) and then the price of gasoline drops. If everything that X purchases is a normal (superior) good, then....
Can you explain what is the rule of production the , like Honda, using "limited" plant-specific resources to manufacture multiple lines of products that are pro
how should he change his bundle to reach his optimum? Explain your answer using the marginal utility condition at the optimal choice.
It takes 1 hour to travel from New York to Washington D.C. by air and 8 hours by bus. The airfare is $190 and the busfare is $35. If a traveler wishes to minimize the total cost of making this trip, which mode of transportation should be selected if ..
Two of the slips of paper are randomly drawn from the hat and both show the letter H. Given this information, what is the probability that all 3 tosses.
The data for proportion of dissatisfied clients includes: 21%, 27% and 26.5%. the Average is 24.83. Using excel, I found the standard deviation, .0333.
Why does the neglect of the mainstream/formal economics matter for its ability to grapple with questions of sustainability?
Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. Assuming a required reserve ratio of 10%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action?
You are the manager of a firm in a market where the demand is P = 50 − Q. You have only one rival, and both you and your rival face a production cost of $2 per unit. As it stands, you would both choose your output simultaneously. But you have the opp..
A manufacturing plant purchases equipment for 5100,000 which it intends to sell after 10 years for $20,000 salvage. The maintenance costs are estimated to be $2,000 the first year and increase by $500 each year thereafter. Using a nominal rate of 7%,..
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