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Greg bought 5 cans of tunafish at $1 each and 4 packages of pasta at $2 each. Hismarginal utility from tuna is 25 units of utility per can and his marginal utility from pasta is 60 units ofutility per package. Next week he'll have the same amount of money to spend: should he do anythingdifferent? Why or why not?
graph jays budget constraint when her income is 50 and the price of housing and food is 2 and 10 respectively.what
A) A Monopolist's long run supply curve is that portion of its long-run marginal cost curve above its long-run average total cost curve.
develop a three- to four-page analysis excluding the title and reference pages on the projected return on investment
Firm A currently monopolizes its market and earns profits of $10M.Firm B is a potential entrant that is thinking about entering the market.If B does not enter the market,
Consider an investment portfolio of $50,000 in stock A and $50,000 in stock B. The expected value of A is 9.5% and B is 6%. The variance of A is 13% and the variance of B is 8%.
What type of unemployment is the quote referring to? What may happen if workers become discouraged?
1. the demand for steel ingots is given by the following p150-0.5q. the private marginal cost of steel producers is
Should Lebron James mow his own lawn? Most pro athletes are strong and capable of mowing their own lawns efficiently.
1. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the
Suppose the demand for a product is given by P = 60 - 2Q. The supply is given by P = 10 + 3Q. If a $10 per unit excise tax is levied on the buyers of a good, what will be the deadweight loss created by this tax.
The local government of a city is concerned about increasing rental costs for residents, and decides to impose a ceiling price on the maximum rents that can be charged by landlords on apartments and houses.
Although most of the changes would not take place until later, assume for the purpose of this problem that Social Security benefits were cut today by $100billion per year. explain what the long-run effects would be on real GDP
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