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Marilou and Hunter both purchase milk and doughnuts at the same Quik Mart. They have different tastes for milk and doughnuts and different incomes. They both buy some milk and some doughnuts, but they buy considerably different quantities of the two goods. Can we conclude that their marginal rate of substitution between milk and doughnuts is the same? Draw a graph showing their budget constraints and indifference curves and explain.
Suppose life is discovered on Mars and that it turns out to be quite sophisticated. In fact, perfect competition prevails everywhere on the planet. Which of the following characteristics of Martian firms are we likely to observe
A monopolistic firm faces the following demand curve. Q = 7800 -12 P This monopoly's cost function has been estimated as follows: TC = 460,000 + 50 Q What price should this monopoly charge to maximize its profit? What would be its equilibrium profit?..
Conservancy acquire
Background questions to answer: Where does NSW get most of its natural gas supplies from up to now? What is happening to total domestic gas production in Australia?
Make a cash flow diagram or table showing yearly dollar values. What is the IRR of the investment (show all calculations) If companies’ discount rate is 12% would this be a good investment?
write a 750-word essay on how the environmental protection agencys policies impact business in the united states.use
exchange economy 1. suppose that in a simple two-good exchange economy the two individuals a and b have the following
State the conditions under which a nation can gain from international trade in the context of both comparative and absolute advantage, and describe the benefits of international trade.
Write a report addressing a quantitative analysis (QA) project. Select a business of interest and develop QA best practices that can be developed and implemented to increase revenues and/or to decrease costs. Please provide at least three mathe..
Which best describe the overall results of Stogdill's second survey when compared to his initial survey?
An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.
Adjust the graph to show the effects of improvements in farm technology. Explain the processes underlying these effects. You may clarify your response with hypothetical prices and quantities.
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