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In spending all his income on beer and pizza, Fred finds that the marginal utility of the last pizza is currently 8, the marginal utility of the last bottle of beer is 4, and the price of a bottle of beer is $1.50. If Fred has maximized his utility, the price of a pizza is:
In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the a..
Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.
Illustrate what problem is posed by any comparison over time of market values of various total outputs. How is this problem resolved.
i am looking for the modeli answers of the following attached 11 questions the questions are related to poter five
Illustrate what price-quantity comb I country maximizes your firm's profits. Is Demand elastic, inelastic or unit elastic at the profit-maximizing price-quantity combination.
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
The study aims at assessing the market potential of Ireland-produced baby formula products in Chinese market.
Why might even a well-maintained, profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development.
What is the relationship between a perfectly competitive firm's MRP curve for an input and that firm's demand curve for that input?
If the expected future exchange rate rises, the currency's
Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
A manager of a day-care center in Christchurch, New Zealand has a clearly stated policy that parents are supposed to pick up their children by 4pm (16:00). But often parents are late. Each week, there is an average of eight late pickups. To combat ta..
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