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Suppose that marginal utility of Good X = 100, the price of X is $10 per unit, and the price of Y is $5 per unit. Assuming that the consumer is in equilibrium and is consuming both X and Y, what must the marginal utility of Y be?
The president of a small industry has been complaining to the controller about raising labor also material costs.
The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. The WTO encourages dumping behavior to lower costs for consumers. The WTO assesses complaints of ..
What are Examples of Ethical Relativism in the US and global business practices?
What was the expected return on Columbus’s expedition, assuming that he had a 50 percent chance of discovering valuables worth $1 million, a 25 percent chance of bringing home only $10,000, and a 25 percent chance of sinking?
Java a billing program that adds up the items a user enters. A simple loop and nested if statement program that should use a loop and prompt the user for the item number for each item in inventory to add to the bill.
A one-year zero coupon bond costs $99.43 today. Exactly one year from today, it will pay $100.
A deposit of $ 40,000 is put in a savings account at an interest rate of 3%. The interest is compounded quarterly, Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annua..
Compare the map shown in the activity on page 4 and a more detailed map of the world. Choose a country that lies in a middle or low income area.
Three policies used to restrict trade are: Tariffs, Quotas, and regulatory trade restrictions. Discuss pros and cons of each. If the government has to decide on one which one it will?
American firms commonly invest in securities overseas. Analyze the situation in which firms anticipate a currently weak dollar to strengthen in the near term. How would you expect this assessment to change American firms’ level of overseas investment..
he company will use the truck for eight years and will depreciate it over this period time with the SL method. What is the difference in the amount of depreciation that would be claimed in year five
An oversupply of physicians in many urban regions contrasts with continuing problems of access in rural and inner-city areas. Why does the mal-distribution of physicians persist in spite of the number of physicians graduated?
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