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Suppose that you remain at H&M, which continues to sell only sneakers and t-shirts. You have a clothes budget of $92, and buy 2 new pairs of sneakers and 4 new T-shirts. The price of sneakers is $14 each.
What must be the price of T-shirts if your consumption bundle is exactly on your budget constraint?
Note: Round your answers to two decimal places.
manner inc. has 5000 shares of 5 100 par value noncumulative preferred stock and 20000 shares of 1 par value common
Would you purchase a higher level of service from the ISP? If so, what level of service would you purchase?
Problem - Suppose that the US demand for aluminum is given by QD = 500 - 50 P + 10Y, where P = Price of aluminum per ton Y = average income (in 1000's per year). And the US supply of aluminum is given by QS = 50 P - 200 PB. If Y = 10 and PB = 2, w..
Determine the down payment that must be made on an automobile that cost $20,000 if payments are limited to $375 per month for 48 months at 9% interest.
suppose each firm operating in a perfectly competitive market structure has a total variable cost tvcq 40q 0.5q2.
Define the marginal product of labor, explain how it relates to the production function (with N on horizontal axis and Y on vertical - find the marginal product of labor (MPN) for each level of employment (fill in the third column of table).
If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
How did the Social Security system contribute to the surpluses of the late 1990s and how can a baby boom cause problems for an unfunded pension system?
What actions do you recommend that policymakers and regulators take to avoid similar problems from occurring in the future?
What is her optimal bundle of contingent claims?
When the price of broadband access capacity increases by 10%, commercial customers buy about 3.8% less capacity. What is the elasticity of demand for broadband access? Is demand at the current price elastic or inelastic?
Consider another policy where the government could impose a price ceiling p on the monopolist. If the government were interested in maximizing social surplus, what would be the optimal value of p when considered from the point of view of the gover..
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