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Q1. Budweiser, Miller and Coors, who together produce 80% of all beer consumed in the US, each spend well over $250 million a year on television advertising battle also promoting their beer brands. Evidently if one firm is advertising its brands heavily where others must also advertise to defend their market shares.
Q2. Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks. The marginal utility of the last bottle of soft drink purchased is 12 utils and each bottle costs $1.20. The marginal utility of the last bag of chips purchased is 8 utils and each bag costs $1.Explain in order to maximize his utility.
What would be a short-term impact on the production of the corporation. Illustrate what would be the long term.
Parkleigh presents an hourly salary also the employee discount. Kaufmann's offers only an hourly wage.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
If Professor P chooses x and s to maximize her utility subject to the constraint that Mr. A is willing to work.
Your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
How do the instruments of contraction monetary policy work in principle.
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
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