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You observe a consumer in two situations: with an income of $100 he buys 5 units of good 1 at a price of $10 per unit and 10 units of good 2 at a price of $5 per unit. With an income of $175 he buys 3 units of good 1 at a price of $15 per unit and 13 units of good 2 at a price of $10 per unit. Do the actions of this consumer conform to the basic axioms of consumer behaviour?
The journal entry to write off an account judged to be uncollectible under the allowance would include a debit to
jason has been making equal annual payments of 7500 to repay a college loan. he has just made an annual payment and now
you have just left the office of your patent lawyer. they told you that no one will fund the next stage of development
What would be the equilibrium quantity and equilibrium price? Assume the Government imposes a $5 per unit tax on the seller, which equation would be affected and how?
Consider the total cost and the total revenue given in the table below:
calculate net value added at fcitems and in millions respectively.1 purchase of machinery to be used in production
Mary's utility function over leisure and consumption is U(L,C) = L2
The customary view of poverty in association with healthcare focuses on ability to pay. However, financial difficulty in a region has compounded effects on utilization and demand that extend from provider supply to access to insurance.
Adrian is about to borrow $2,814 from his uncle. He has an option to repay the loan at the end of year 5 with 9.62% simple interest per year or with 5.36% interest per year, compounded annually.
team as we continue to understand the power of economics in a global context evaluate the impact of exchange rate
Article- How will refugees affect European economies? Summarize the main points of the discussion and Prepare a position on this summary; that is, do you agree or disagree with the findings of the authors
The company is in a 35% tax bracket. Which system should be selected if they both help produce the same expected profits over the life of the investment?
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