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The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the student's overall score for the course, M is the number of minutes spend studying, and A is a variable that reflects how much the student dislikes studying. For the first exam, each correct answer costs student 10 mins of study time. For the second midterm, each correct answer costs student 20 mins of study time. We know the student studied for 1200 mins. What is the value of A in this student's utility function?
Determine the impact of the companys mission, vision, and primary stakeholders on its overall success and analyze the five (5) forces of competition to determine how they impact the company.
Employ an isoquant and isocost diagram and words to show how firms will respond to the decrease in the wage rate. Be sure to identify the short run scale effect and the long run substitution effect.
publishing house uses 400 printers and 200 printing presses to produce books. a printers wage rate is 20 and the price
The Value of the Marginal Product of Labor Equation is an important equation. Setting aside political considerations, there has been quite a bit of discussion regarding the pay level for fast food restaurants. In two paragraphs, please discuss the ch..
Graph these two individual pollution demand curves and indicate the levels of pollution (both graphically and numerically) that will be produced by these plants in the absence of regulation.
What is the new money supply and price level if banks loan out all excess reserves, people hold no currency and the fed buys 10 billion in gov't bonds from the public considering:
Find the quantity at which diminishing marginal returns set in and if the monopolist's goal is to maximize profits, and the monopolist charges all customers the same price, determine the optimal level of output.
assume that the required reserve ratio is 10. if the federal reserve buys a 10000 government bond from an individualin
First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..
An asset for drilling was purchased and placed in service by a petroleum production company. it cost basis is $60,000 and it has an estimated MV of $12,000 at the end of an estimated useful life of 14 years.
For depreciation purposes, a 150% declining balance depreciation is utilized for a material handling lift truck with a cost basis of $21,668 and a salvage value of $6250 at the end of its useful life of five years. If the MACRS depreciation method wi..
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
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