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An important law in economics is the "Law of Diminishing Marginal Utility." what this law is, and provide an example of diminishing marginal utility you've encountered recently.
Cindy gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 110 hours. Her utility function is U(C,L)=C*L. This functional form implies that Cindy's marginal rate of substitution is C/L. Cindy receives ..
Describe a potential capital expenditure project from the industry in which you now work or an industry in which you are interested. What is the project? Describe and provide an approximate value of the initial cash flow. Describe and provide an appr..
Suppose that in 2013, Global launches an aggressive marketing campaign that boosts sales by 15%. However, their operating margin falls from 5.57% to 4.50%. Suppose that they have no other income, interest expenses are unchanged, price per share of Gl..
The challenge that an economy will be facing is how to deal with an externality. You will find that an externality is a cost or benefit to a third party. A positive externality is a benefit to a third party and an example of that would be education. ..
Please help determine probability of any outcome for example., the probability of getting an even number from the die and tails.
Suppose that when household income in a city rises by 2%, and the price of good X remains unchanged, the quantity demanded of good X decreases by 15%. Then, in this city, the income elasticity of demand for good X is (7.50, -7.50, -0.13, 0.13) , and ..
Kathy should consume units of good X and units of good Y and will be receiving utils of satisfaction. At this utility maximization point
Which of the following is an example that illustrates the importance of questioning how economic variables are defined?
Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic.
If a reform of the tax laws discourages saving by taxing interest income, according to the Loanable Funds model we would expect
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
Initial greeting of thanks to your supervisor for being collaborative and supportive. General overview of how the project is proceeding. Operational successes. Description of a new festival activity. Description of challenges and problems confronting..
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