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Compare the classical labor theory of value to the neoclassical utility theory of value. How do they differ both in assumptions and implications? Please cite volume and page numbers from Capital when appropriate.
Sarah's preferences for consumption and leisure can be expressed as U ( C , L ) = ( C - 180 ) × ( L - 80 ) . This utility function implies that her marginal utility of leisure is C - 180 and her marginal utility of consumption is L - 80. What is her ..
Elucidate before economic growth, there were too few goods, after growth, there is too little time.
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Illustrate what would happen to the equilibrium price also quantity of lattés if the cost of producing steamed milk
In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associat..
What is the primary reason that economists view monopolies as a problem? Is this different than you would have expected? What methods are available to mitigate the impact of monopolies? Does being a monopolist guarantee a profit for the firm? Can you..
Which of the following can be thought of as an adjustment for the risks involved with respect to the cost of a firm acquiring financial capital? If a firm is producing so that the point chosen along the production possibility frontier is socially pre..
This production function does not satisfy the definition of rising returns to scale, constant returns to scale, or decreasing returns to scale. How can this be.
Finding the required interest rate Your parents will retire in 15 years. They currently have $270,000, and they think they will need $850,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any ad..
Find a print/image advertisement that appears to be based on the psychographic segmentation variable, and one based on the behavioral segmentation variable. For each ad, identify the target market and support your proposal for the variable. Additiona..
Justine collects vintage comic books. When prices for all other goods are fixed at current levels, her demand function for original superman comic books is S = .02m – 2p. In this equation, m is her income, p is the price of superman comics and S is t..
Which of the two units would you recommend ? What initial cost of machine A would make the two machines identical in overall cost? P.S. I need work shown please to know how to complete problem
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