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Consider tastes that are defined by function u(x, y) = x^2 + y^2. The MUx = 2x & MUy = 2y. Do these tastes have diminishing marginal rate of substitution? Are they convex? Explain your answer.
Performing an internal environmental analysis helps a company identify the strengths to build on and the weaknesses to overcome when formulating strategies. Included in this strategy is an assessment of the functional areas of the business.
Regarding microeconomics, which of the following statements is correct? accounting profit is greater than marketing costs. accounting profit is different from economic profit. accounting costs include opportunity costs. economic profit is less than p..
q.sharp rises in the cost of milk grain and fresh fruits and vegetables are hitting cafeterias across the country
q1. illustrate what is the marginal revenue from selling another book for the author? explain how does it compare to
All of the following explain why purchasing power parity does not completely explain long−run fluctuations in exchange rates except
Suppose you enter into a loan agreement to borrow $100,000 to help finance the purchase of a new home. The loan contract specifies a term of 30 years with monthly payments determined at a fixed rate of 6% APR. What is the amount of your monthly repay..
Consider each of the following goods and services. For each, identify whether the law of one price will hold, and state whether the relative price, q g US/Foreign, is greater than, less than, not equal to 1, or equal to 1. Explain your answer in term..
What is the Corporate Average Fuel Economy (CAFE) program? What are the benefits of having CAFE standards? What are its limitations? Why is the program popular despite the limitations?
What is the typical cause of positive serial correlation in business data?
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?
The wall street journal reported that Japan’s No 4 automaker-Mitsubishi Motors- announced a major restructuring plan in an attempt to reverse its 6 percent declining global sales,. Determine the rate at which Mitsubishi can rent capital and the margi..
Jim's systolic blood pressure is normally distributed random variable with a mean of 145 mmHg and a standard deviation of 20 mmHg. If Jim's systolic blood pressure is taken at a randomly chosen moment, what is the probability that it will be between ..
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