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The wealth maximization goal is generally preferred to other decision criteria regardless of the above limitations. What short and precise explanation do you have for this?
Adam has $38 and he decides to spend on X1 and X2. Commodity one costs $5 per unit and commodity two costs $11 per unit. His utility function is U(X1,X2)= min(3X1,X2). Write down the budget line.
Vergas Enterprises wishes to determine the economic order quantity (EOQ) for a critical and expensive inventory item that it uses in large amounts at a relatively constant rate throughout the year. What is the firm's total cost based upon the EOQ c..
If an increase in the price of petroleum? (used in producing? tires) causes the market prices of tires to rise from ?$60 to ?$70?
Can the government always use an expansionary fiscal policy to increase real GDP?
Is the increasing resistance of employers to unionization a new phenomenon or simply a return to the historic relationship that has existed between unions and managements in the United States?
Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States?
1. Why is the monetary approach suitable to explain exchange rate behavior in the long-run, but not in the short-run?
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
In what types of industries would you expect producer surplus to be high while profits are low? Provide one or two examples of such industries.
Multimodal transportation and multimodal containers. What is intermodal and multimodal transportation. How does it contribute to the supply chain process? Give an example how multimodal containers are used?
How does business economics relate to the banking industry? Give 3 descriptive answers. (Don't have to be long!)
What is the euro price of the Caddy? What is the dollar price of the Mercedes?
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