Proving which the consumer maximizes utility
Proving which the consumer maximizes utility when MRSxy =PX/ PY
True, false or uncertain "For any two goods X and Y, the consumer maximizes utility when MRSxy =PX/ PY. You must see relevant diagrams to explain your answer.
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Proving which the consumer maximizes utility when MRSxy =PX/ PY. True, false or uncertain "For any two goods X and Y, the consumer maximizes utility when MRSxy =PX/ PY. You must see relevant diagrams to explain your answer.
You own an unused gold mine that will cost 100,000 dollar to reopen. Determine the NPV of opening the mine now? Calculate the NPV of opening the mine one year later?
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Discuss the subsequent excerpt from a recent story in the Wall Street Journal (May 4, p.1). In your discussion demonstrate which you can use the concepts.
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