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Assume that Ravi's marginal utility is 60 utils for the last glass of wine he consumed. If the price of a glass of wine is $4, what is Ravi's marginal utility per dollar worth of wine? What is his marginal utility per dollar worth if the price were $6 per glass of wine? If the price were $2?
q1. are recessions a necessary fact of macroeconomic life? if not illustrate what would it take to eliminate them? if
Using the list below, identify each item in the list. Employee training problems. Employee/company operating process and procedure problems
Your weapons company, Top GunZ, sells fighter jets to two countries. The jets can be produced at a constant marginal cost of $10 million. The demand for jets in the two countries can be represented as: QA = 100 – 2p QB = 80 – 4p. Assume that the opti..
A late-night news report says the president of a local bank is about to be arrested for embezzling money from the bank at which he works. This causes worried depositors to line up in front of the bank the next morning wanting to withdraw all of their..
The financial plan
Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?
Assuming the same are price elasticity of demand calculated in part B, determine the future price reduction necessary for B.B. Lean to fully recover lost sales (i.e., regain a volume of 10000 units).
In a country 1/3 of all females born die in infancy, 1/3 die at age 23, and 1/3 live to age 65. Women bear one child at age 17, one child at age 21, one child at age 25, and one child at age 28. One- half of children are girls. The net rate of reprod..
In macroeconomics from williamson (4th edition) chapter 11 problem 7, if the number of atms increase should not it increase the credit supply? Instead of the credit demand because of an increase in R, as it’s done in this solutions manual?
given qd124-0.025 p and qs -50 0.025pquestion 1at the time of rusals concern primary aluminum prices were relatively
In his Semi-annual Monetary Policy Report to the Congress of February 14, 2007, then Federal Reserve Chairman Ben Bernanke said: "Another significant factor influencing medium-term trends in inflation is the public's expectations of inflation.
Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - With the aid of a diagram explain the long run average cost curve and the influences upon it.
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