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Derive an equation for the marginal rate of substitution betweenx and y for an individual with these preferences. Interpret theMRS. What is the MRS at the point (xC, yC) = (2.5, 2.5)?
1calculate the annual total fixed costs for a combine that has an initial price of 300000 a useful life of 7 years a
In city A, the value of an apartment falls in direct proportion to its distance from the business center. Thus an apartment one kilometer away will lose 20 percent of its value and an apt 2 kilometers away will lose 40 percent of its value.
In the early 1980s, Brazil and South Korea had similar saving rates ( around 17%) and similar levels of income per capita ( around $6,000 in 1996 dollars). In the 1980-2000 periods, the average Brazilian saving rate stayed around 17%, whereas the ..
The Wilson Company's marketing manager has determined that the price elasticity of demand for its product equals -2.2. According to studies he carried out, the relationship between the amount spent by the firm on advertisin
The interest rate is tied to the economy. Based on your opinion, will the economy grow or recede for the rest of 2011 and 2012 Will the pace of growth (or recession) fast or slow The current interest rate is very low.
Newton exports all their products outside the city and Garfield only sells their products within the city. Newton experiences growth, so it hires 100 more workers, all of whom come to reside in city A.
At the end of their useful lives, both A and B may be purchased with the same cost, benefits, and so forth. If the MARR is 12%, which alternative should be selected based on the internal rate of return using the least common multiple approach.
There are two bags, each each containing 100 ping-pong balls. Bag A contains 100 red balls and no black ball, and bag B contains 20 red and 80 black. you are are blindfolded and reac into a bag.There is a .5 probability it is bag A .
Two different alternatives shown in the table below are being considered by Kal Tech Engineering systems. Assume that alternatives X and Y are replaced at the end of their lives.Data Alternative X Alternative Y Initial Cost $6,000 $1,500Uniform Ann..
Why is international trade important for South Africa
Using the following utility schedule, derive a demand curve for pizza assme income is $10, the price of each slice of pizza is $1, and the price of each glass of beer is $2. Then change the price of pizza to $2 per slice.
Suppose there were no property rights with regards to automobiles, assuming that it is illegal to interfere in any way with a person's use of any automobile , what is going to happen in the long run if this is the case
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