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David is considering his purchases of food (x) and clothing (y). He has the utility function of U(x,y)=xy+20y. His income is I = N$10. He faces a price of food Px= $1 and a price of clothing Py = $2.
What is David's optimal basket?
If a firm faces the total cost function TC = (6 + x)0.5, what is its marginal cost function? 2. A firm operates with the production function q = 0.4K0.5L0.5.
Based on a Rate-of-Return analysis of alternatives A & B alternative B was selected. A Net Equivalent Uniform Annual analysis of the same alternatives led to the selection of alternative A. Describe the circumstances which could lead to this outco..
Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
Discuss at least 2 current events. You must summarize the current events in your own words and explain what economic concept it pertains to and why?
Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros.
Explain why the Monte Carlo simulation was unable to exactly replicate the per- centage of times the lowest priced station was found.
Tickets to a rock concert sell for $10. But at that price, the demand is substantially greater than the available number of tickets. Is the value or marginal benefit of an additional ticket greater than, less than, or equal to $10? How might you dete..
lets assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant
Is the firm operating in short run or long run? Explain.
find out how managers could combine two or more motivation theories to tailor their efforts to motivate employees to
Write a paper summarizing how you intend to solve the problem selected below. Finances (for example, debt, late payments, money needed to replace a car).
What is the lender-of-last-resort function of the central bank in modern economies? What is its justi?cation? Should commercial bank borrowing from the central bank be a privilege or a right? Discuss.
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