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Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
How do a company's goals, constraints, incentives and market rivarly affect its economic decision-making? To what extent does a Christian have different goals, constraints, and incentives compared to non-Christians?
New York City's banking community served many of the functions of a central bank during large parts of the "displaced 19th century". Discuss.
the company you work for asks you to recommend whether their mercedes truck should be replaced now or kept in service
A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. Show the range of labour where stages I, II and III of production o..
Enron will be an example of a dysfunctional organization for many years to come. It was clearly a organization riddled with fraud also excess also its conduct drove it into bankruptcy.
What is the external cost per unit of output?b. What level of output will be produced?c. What level of output should be produced to achieve economic efficiency?
Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?
Finally, after graduation you got your 1st job and discovered that now you can start saving (investing). You decided to buy a 1 coupon bond (right after 1st coupon payment), which had already been issued one year ago. If you were to sell this bond on..
A 0.20-kg metal sphere oscillates at the end of a vertical spring.As the spring stretches from 0.13 to 0.21 m (relative to itsunstrained length), the speed of the sphere decreases from 5.3 to4.6 m/s. What is the spring constant of the spring?
q1. what are the main reasons for people to make non-rational choices? is there any specific science that study
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
A competitive industry produces a unit of sulphur dioxide with every unit of its output. The private marginal cost (PMC) in the industry is 2+(Q/2) when Q is the number of units of output. The social marginal benefit (SMB) of the industry's output is..
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