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Michael has the following utility function:
U(X,Y ) = log(X) + log(Y ),
where the price of X is $3 and the price of Y is $1. He has decided to allocate $120 on X and Y. What is his utility maximizing combination of X and Y?
Discuss and explain supply and demand as well as elasticity concepts of Walmart. Incorporate these ideas to validate how the corporation establishes its pricing strategy.
you are the ceo of a small chain of womens clothing stores. you notice that your total sales are beginning to dwindle
analyze the impact on the consumer's demand of the following three policies under the assumption that the market price does not change.
Why is there a limit to capital deepening? What roll does government play in economic growth? Why might education, foreign aid, infusion of new machinery, and efforts to stem population growth not imroved the standard of living in a lot of develop..
discuss how the actions of the federal reserve specifically an increase or decrease in money supply affect the other
what are the two main investor preferences and how do they conflict? why does competition force firms to use the least-
it's dominated by two firms, AMD and Intel. Yet price competition between those two firms is fierce, driving their profits down. Why is there greater price competition between rival computer chips than between rival computer operating systems
consider the development of new products and pricing them for international global markets. describe and explain why
1.Flank defense: protecting a weak flack by erecting outposts 2.Contraction defense: giving up weaker territories and reassigning resources to stringer territories. what's the diffrence between Flank defense and Contraction defense?
The maintenance cost for both models is $100 per hour. The variable operating cost is $346 per hour for Model A and $290 per hour for Model B. Due to obsolete parts, there is a sunk cost of $2700 for model A and $1900 for Model B.
Express output per worker (y=Y/L) as a function of capital per worker and the natural rate of unemployment and write an equation that describes the steady state of this economy.
Subsidy programs are likely to have a number of secondary effects in addition to the direct effect on dairy prices. What impact do you suppose farm subsidies are likely to have on the following?
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