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1. Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b?
2. Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b?
3. What is the utility maximizing or optimization condition?
select a new realistic good or service for an existing industry.write the economic analysis section of a business
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When the price of corn dogs is $2.00, 2,500 are demanded. What is the price elasticity of demand for corn dogs.
discuss the three situational determinants in fiedlers leadership theory that allow a leader to determine the
Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable
A big city just doubled the yearly fee for hot dog push carts that had exclusive rights to a spot just south of big museum of art to $288,000
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An increase in the price of Product X leads to a decrease in demand for Product Y. The price increase also increases the demand for Product Z, a related good. Discuss the relationship among these products. (I.e. which are complements and which are su..
Given the optimal order quantity calculated above, if the average inventory is 136 cartons, then the monthly holding cost is ____ dollars, and the total cost including the cost of supply or the total unit cost for all units, holding and ordering i..
Airlines practice price discrimination by charging leisure travelers and business travelers different prices. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do no..
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