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Assignment:
State the three basic assumptions we have made regarding consumer preferences. Then using these assumptions, when necessary, answer the following questions:
(a) What is an indifference curve?
(b) Can two indifference curves cross? If not, why?
(c) Can an indifference curve slope upwards? If not, why?
suppose that the firms initial demand curve had been p 5000 - 50q and that it shifted inward to p 4000 - 50q. assume
Use the concept of opportunity cost to explain the following: More people choose to get graduate degrees when the job market is poor.
Suppose the price increases from $1 to $1.50. Calculate the price elasticity of demand using the mid-point method.
questionnbsp the demand schedule for computer chips is in the table.price dollars per chipquantity demanded millions
1) What are some of the policies that the U.S. and England utilized to promote development?2) What goals were they trying to achieve with these policies?3) What relevance do these examples for development policy today? What lessons should we learn?
The applicants are scheduled at quarter-hour intervals, beginning at 8:00 A.M., and the applicants arrive exactly on time. When the applicant with an 8:15 A.M. appointment arrives at the manager's office, what is the probability that he will have ..
Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between unemployment and inflation different.
What is quantitative and qualitative research? How does research help identify a customer's buying behaviors?
Critically analyse the validity of this statement, and discuss the barriers that might limit its impact across the whole sector in the UK and overseas
general electric which produces light bulbs, jet engines, washing machines, and so on, kinko's which has a photocopy store near many colleges and univesities, usx corporation which owns ore and coal mines, coke ovens, blast furnaces, mills, and foun..
Why does inflation encourage businesses and households to hold physical assets like homes, buildings, and equipment?
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