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Utility is given by the function U(x,y) = (x + 2)^0.6y^0.4. Income is I and the prices of x and y are respectively Px and Py. Solve for the optimal quantities of x and y. Are corner solutions possible?
Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
illustrate what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
Discuss the meaning of e-Commerce from a business and technical perspective and appreciate the business environments conducive to the use of successful e-Commerce applications
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
q.in the united states private schools charge tuition and compete against private schools that do not. one policy
q.given the following annual information about a hypothetical country answer questions a through d.billions of
How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?
A construction firm can lease a crane required on a project for 3 years for $180,000 payable now, with maintenance included. The alternative is to buy a crane for $240,000 and sell it at the end of 3 years for $100,000. Annual maintenance costs are e..
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.
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