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1 consider an economy with two firms firm a produces tomatoesand firm b produces tomato sauce in a given year firm a
diminishing marginal utilityanother key concept in economics is utility as in the benefit we gain from consuming
what is diminishing marginal product if you have a business and someone tells you that youve hired labor to the point
jane is in a dead-end job his take-home pay is 15000 a yearnbsp he wants to get into a managerial position so he has
1 compare and contrast how and why de-quincey and sam taylor coleridge began to use opium did the use of opium
how would you compare some of the socio economic consequences of opium that led to social and legislative movements in
imagine you are an economic consultant for the city of storrs the city council has asked you to predict how building
many underdeveloped economies have a large number of squatters-people who occupy a plot of land without any deed
you run a sandwich shop with 5 employees who produce 400 sandwiches each day you hire another employee now you have six
course and student schedules paul bauer the chair for the information technology it department at the university of
a monopolist is able to produce kodak film with zero fixed costs and a constant marginalcost of 050 per roll any
1 consider a consumer who consumes two goods education e and money m spent on all other goodsnbsp the price of
businessanswer each qustion about one paragaph so there is about 3 paragaphs also need in text citation and
slopeside ski rentals vail resort in vail colorado is internationally known as one of the best places in north america
2 problems about preferences1 define the completeness axiom give a verbal explanation of a situation where the
consider the term a welfare economics and apply it to the allocation of resources and its effects on today
kay enjoys x but loathes y her preferences are consistent with the convexity and continuity axioms draw two of kays
suppose you are the owner of any type of a start-up business and your total revenue is currently increasing when you
non-linear pricing suppose there are two types of customers type a has utility 12q -p type b has utility 5q-p where q
1 hazard company had 24000 beginning inventory and 27000 ending inventory net sales were 171000 purchases 91000
the sandy springs condominium association the association is a not-for-profit association set up to manage the
1 use the theory of labor supply to discuss what sort of policies firms could implement to reduce the extent to which
taking into account heckscher ohlin assumptions two countries east and west produce two goods x and y with the
production costsnbspplease respond to the followinghere is a chance for each of you to apply what we are learning to
needs to be in power point 2 different slides with references and speaker notesin addition to wages what other factors