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suppose the marginal utility mu of a paperback books is 60 utils and each book costs 10 while the mu of a hamburger is
suppose three countries were self sufficient and produced along a straight line production possibility curve the
the steel industry must be protected from cheap foreign imports if steel does not receive tariff protection foreign
suppose a lake is publicly owned ie a common property resource with free fishing for all the number of fish caught
the optimal purchasing rule is satisfied when a budget line is tangent to an indifference curve explain with economic
arthur spends his income on pie and whipped cream he views pie as a good but is neutral about cream in that he doesnt
suppose that you are the manager of a pizzeria that produces pizza at a constant marginal cost of 6 per pizza the
demand for product a is given byqdnbspnbsp500nbsp-nbsp50 pnbspnbsp10 ywherenbsppnbspnbspprice of a and ynbspnbspaverage
with only p and mc given how do you determine the marginal revenue function calculate its profit-maximizing quantity
perfectly competitive market2 identical consumersppf is y100-x2u x05 y05 for both of the consumersis pxpy 1 an
the utility function and the prices are the followingu 31 x1nbsp 13 x2p110nbspnbspp229 and i 3014what is the optimal
mandy drinks cranberry juice and vodka in fixed proportionsnbspher utility function is of the following formu min 93
take for instance the following game depicting the process of standard setting in high-definition television hdtv the
consider the repeated play of a prisoners dilemma game whose payoffs are given in the following payoff matrixp1p2cdc3
rebecca consumes only two goods coffee and pizza coffee costs 218 each cup and a pizza slice costs 374 each her income
when ries income was 3000 she bought 5kgs of rice and 2kgs of beef a month now her income is 5000 and she buys 4kgs of
why does price discrimination work in the sale of seats to children and adults at baseball games but not to the sale of
list three businesses that can exist today because of the world wide web that could not have existed before the advent
if i have the following regression outputr squared 7547f ratio 9231 pvalue on f 00001dependent variable
bridget has a limited income and consumes only wine and cheese her consumption choice is four bottles of wine and 10
paula runs a small clothing boutique she hires one helper at 50000 per year pays annual rent of 100000 for her shop and
if the price of apple juice rises what happens to the demand for apple juice use correct
john was a cook making the average cook salary of 60000 per year he also had an extra room in his house that he rented
what would happen if we eliminated taxes and paid government programs with voluntary contributions