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Phoebe is trying new diet. She gets 35 grams of fat a week to "spend" on her two favorite foods, French fries and Ice cream. A serving of French fries contains 3 grams of fat and a serving of Ice cream contains 2 gram of fat. Phoebe's MU ice cream is 25-I( where I is the number of serving of Ice cream she has consumed. Phoebe's MU French fries=30-4F( F= servings of fries she's consumed). To maximize her utility, how many servings of French fries and how many servings of ice cream should she consume?
Consumers can make costly mistakes when not enough information is available. Which of the following represents a market solution to obtaining costly information?
Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day.
These problems related to Economics, mainly macroeconomics. The problems are explores about externalities, both positive and negative, political economy, isotim and surrogate market prices.
The park and recreation department of Cass County has estimated that the initial cost of a park will be $2.3 million. Annual upkeep costs are estimated at $ 120,000. Benefits of $340,000 per year and dis-benefits of $ 40,000 per year have also been i..
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?
new horizons airlines wants to forecast the mean number of unoccupied seats per flight to germany next year. to
A firm has a long-run cost function, C(q) = 4q^2 + 4. In the long run, this firm will supply a positive amount of output, as long as the price is greater than what?
Assets can be classified in 3 ways according to its liquidity. But, such assets do not include homes, jewellery, vehicles, etc. Why? (Use three sentences maximum). People often like to visit flea markets to look for unexpected opportunities. Flea mar..
Supposing a products is produced both in the US and abroad what would be the effects of the US import quota on the good? Discuss some of the attributes of the new economy.
look at this question suppose y 200 c 140 g 25 x-m -5 and t 25. what is sp? what is i? here is the answeryd y - t
The problem belongs to Economics and it discuss about consumers' surplus, producers' surplus and total surplus for cheese produced in the year 2009 in the US.
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for possible future product and estimates that the reservation value is $250..
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