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Given the following Utility function: U=(2X1X2+3X1^2)^3 x2 1. Find the marginal utility for x1 and x2. Do not simplify the function. work it in form given 2. Show mathematically whether the marginal utility for x1 and x2 is increasing or decreasing 3. What is the marginal rate of substation for this utility function?
The BRICS (Brazil, Russia, India, China, and South Africa) nations are increasingly important in international business. Provide a comprehensive description of the economy of each of these nations and identify reasons why the BRICS countries are grow..
Please describe the four growth theories covered, and for each list at least one implication for development to the extent the theory is correct. Which model seems most relevant to you and why?
Suppose you manage a perfectly competitive firm. Your short-run total cost is given by the following: TC=200+2q2, where q is the quantity produced by your firm. Given this total cost, the firm's short-run marginal cost is given by: MC=4q. If the mark..
Assume that Consumption decreases by $25 million, Investment increases by $10 million, Government Purchases increase by $60 million, Exports decrease by $30 million and Imports decrease by $55 million. What is the net change in GDP in $million?
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
Within two weeks sales had fallen. Utilizing your knowledge of game theory, Illustrate what do you think disrupted McDonald's plans.
Define the equilibrium for this environment. Solve for the equilibrium you defined in part. Perform a cost benefit analysis for the project defined in part.
What are the principal arguments of pharma companies who oppose making exception to IPR laws for developing countries? What are the arguments by NGOs and others for a differential treatment?
q1. explain why the following situations would occur in terms of the factors that affect elasticity.a demand for
DL = SL in a perfectly competitive input industry or for an imperfectly competitive input industry that hires heterogeneous labor (or practices wage discrimination) but not for an imperfectly competitive input industry that hires homogeneous labor (o..
Illustrate and explain how a government budget deficit can lead to a higher real interest rate. Discuss how the effect of a budget deficit on the real interest rate could be altered by an increase in private savings.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
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