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Jack is considering buying a gift card for Sue. Sue's utility is given by U(x,y) xy. She has $12 of her own and jack is considering a gift card for 150 units of x. The price of x is 2 and the price of y is 4. What is the maximum Jack can pay for the gift card to not be better off giving Sue cash?
What influence did the elements of the Juran Trilogy have, if any, on the company's quality training curriculum? If the company does not have a quality curriculum, why do you believe, based on your research, it adopted the Juran Trilogy but did not m..
Starting with the estimated demand function for Chevrolets given in problem suppose the average value of the independent variables
Using the factor endowment theory or the Porter’s model, list 3 sources of comparative advantage for one BRIC country. How would the US fare on each of the sources you selected? China.
The equilibrium price and quantity of gasoline is $2.50 per gallon and equilibrium quantity is 15 million gallons. The price elasticity of demand is -0.5 and the price elasticity of supply is 1. The state legislates that a sales tax of $0.10 per gall..
Economists often use the sum of a nation's exports and imports divided by its overall economic activity as a measure of the nations degree of openness. Explain why a large value for this measure may not always be a good indicator of openness.
Calculate the impact of an increase in desired currency holdings (currency drain) on the money supply from 10% to 15% when the reserve ratio is 10 percent of deposits, and central bank’s balance sheet is presented below in billion dollars:
A company decides to spend $2 million to promote its new line of soft drinks. Given all other things remain the same, how will this impact the level of break-even quantity of the firm? Justify your answer using the equation for breakeven quantity of ..
Calculate the price elasticity of demand (using the midpoint method as the price of compact discs increases from 10$ to 13$,assuming that consumer's income is $40,000. Show your work.me is $40,000.Show your work. b.On the bases of your answer to part..
The initial cost of a new business facility is $1,000,000 but the owners plan to add an expansion in 10 years which will cost $100,000. It costs $25,000 per year to run from years 1-4 and $40,000 per year from years 5-infinity. What is the annual wor..
Burning Bridges: An island between countries A and B is in dispute. The island is connected to Country B's mainland by a bridge. The island is currently occupied by B's Army. A's army is deciding to attack the island or not. In the event of an attack..
Economists have devoted a lot of effort to estimating the natural rate of unemployment in particular countries at particular times. Is this a useless academic exercise, or are there good reasons to want to know this number? Explain.
Review and respond to at least two of your classmates’ posts by sharing any ideas you may have about how households and businesses can protect themselves against inflation. “Government tries to restrain from inflation because it causes an unintended ..
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