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Sage has $80 to spend this month on CDs and/or DVDs. A CD costs $10 and a DVD costs $20.
a) Draw Sage’s budget constraint (or budget line), with the number of CDs purchased on the vertical axis.
b) What is the opportunity cost of the second DVD?
c) Indicate on your graph the combination point showing Jane consuming 8 CDs and 4 DVDs (label it A). What can you say about this particular point?
d) List three changes that would allow Jane to consume both 6 CDs and 2 DVDs. Show the effect of each on her budget constraint on your graph.
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
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Share markets all over the world often increase or decrease together. What does a rise in the stock market indicate to you about the level of current and expected growth in the world economy?
q.calculate the income elasticity of demand for product x when i 30. explain how could we categorize product x? do you
The government is allowing for emergency procedures to aid suffering chocolate addicts.
Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life. How many months of depreciation should be generated fo..
Choose one emerging trend in customer service and discuss how it is impacting the relationships between companies and customers.
Assume reductions in the amount of ground level ozone shift the marginal cost of producing alfalfa from MC1= 45 + 2QS to MC2= 45 + 0.5QS. Use the producer surplus to estimate the maximum amount alfalfa producers would be willing to pay for this impro..
q.use the following graph for yolandas frozen yogurt stand to answer the questions that follows.a. to compute the price
Calculate the maintained mark up percentage for a department under the following conditions:
q1. microeconomics is considered to be the study of scarce resources perloff 2007. here consumers both individuals and
Illustrate what is the GDP of George's and John's island in terms of clamshells.
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