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Blutarsky is throwing a party at his Fraternity and is trying to choose how much beer and vodka to buy. A bottle of vodka has four times the alcohol as a six? pack of beer.a. If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six? packs of beer?b. Write out a utility function to represent these preferences.
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
Calculate the multifactor productivity figures for labor and capital together. Elucidate why these figures might be greater in the subsidiary.
Utilizing demand and supply analysis to assist you, what are the effects on the exchange rate between the British pound and the Japanese.
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Explain all your answers below clearly, including brief definitions of each term.
During 2003, Company A and Z made the following identical purchases in the order shown, Each firm sold 400 units but A fimr uses LIFO inventory costing and Z Company uses FIFO inventory costing.
Given a situation in a monopolistically competitive market, if my price is $10 for an item and at my present rate of output, my marginal cost is $8 per unit
Elucidate the risks inherent in having the government step in to compensate for market failure.
Suppose that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 & had 300,000 of disposable income & spent 240,000 on consumption in 2007
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
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