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Would another topping on a pizza always increase the utility derived from eating it? Consider Maria's total util- ity curve for pizza toppings as shown in the table. Find the marginal utility for each additional topping and draw a diagram indicating the corresponding marginal utility curve.
Number oftoppings
Totalutility
0
Price per movieticket Rene
Eddie
Mar
1
10
$10
2
22
9
3
32
7
4
39
6
5
43
42
according to the textbook the profitability of cable tv service is approximately 5 that of petroleumnatural gas is 10
Analyze the impact of the following changes on wages and employment in a given occupation:
Consider the total cost and the total revenue
For the second year, $1100 is owed, so this year has 1100 dollar-years for a cumu- lative total of 2100 dollar-years. Continue through 5 years. Then, divide the sum of the interest paid over the 5 years by the total dollar-year measure of the am..
"Suppose Y = $200, C = $140, G = $25, x-m = -5, and T = $25. What is Sp? What is I?" Here is the answer:Yd = Y - T | C + Sp = Y - T | Sp = Y - T - C,Sp = Y - C - T = 200 - 25 - 140 = $35,I = Sp + (T - G) + (x-m) = $35 I = $35 + 0 - 5 = $30
Cement is competitively produced domestically with MC = Q/3 -20. Domestic demand for cement is P = 100 - Q/3. The world price for cement is $50.a. Find and graph the free trade equilibrium in this market
analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic
What are some examples of price discrimination that you have experienced in the market - What are some advantages of price discrimination for the firm? Consumer?
Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available
discuss the following questions with your colleagues. independent research will be necessary and be sure and provide
Explain the law of supply. Assume the role of a manager in auto tire’s company. What effect will each of the following have on the company’s supply of auto tires and what will you do with the sales of your product?
Margie has just attended the funeral of her son William, who died this week after several years of poor life quality in the same nursing facility. William's first stroke happened 3 years prior; two more strokes followed, and he lingered in poor he..
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