Why economists prefer-speak of demands arising out of wants
Why do economists prefer to speak of demands arising out of "wants" rather than "needs"? Explain why economist considers the concept of utility useful, even if psychologists cannot measure it precisely.
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Identify at least 3 advantages and disadvantages of reducing project scope to accelerate a project. Discuss what could be done to reduce the disadvantages?
Why do economists pay little attention to algebraic sign of elasticity of demand for good with respect to its own price, yet pay careful attention.
Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2013. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to yield 12% and are due January 1, 2016.
Conduct an internal analysis of the company, which may include a description and evaluation of past strategies.
Why economists prefer to speak of demands arising out of "wants" rather than "needs"? Describe why economist considers concept of utility useful.
Calculate the average markup percentage for setting prices as a percentage of the full cost of the product. Calculate the average markup percentage for setting prices as a percentage of the variable cost of the product.
Why does law of diminishing marginal utility motivate people to spread the spending across many different types of goods?
Carl has a fixed monthly cost of $257,000 and delivers 3.3 million packages in the same time period of a price of $3.24.
Provide the example of good which you have consumed for which your marginal utility increased with amount of if you consumed.
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