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Two goods are purchased such that the marginal utility derived from A is 440 utils, and from B is 870 utile; the price of B is $11 and the price of A is $5.50. For a given total dollar amount spent on these two items, has total utility (combined) been maximized? Why or why not?
q.1let x be a random variable with probability density function fxc1-x2 -1ltxlt10 elsewherea what is the value of c?b
Explain how is the cross elasticity theory used to empirically define economic markets.
Draw a supply- demand diagram of the federal funds market and show the effects of a Federal Reserve Purchase of $85 billion in US Treasury Notes during a Quantitative Easing Campaign after the Fed has already lowered its Fed funds target to 0 - .25%.
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
to build trust among virtual team members managers shoulddeep-six the egos and be friendlybuild a shared mythologyavoid
godzilla and macrosoft produce software and operating systems respectively both at marginal cost 10. each firm has
If you were to be a retailer, would you want to sell elastic or inelastic goods? State your reasons in your answer.
Are there any advantages of mass marketing i.e. treating a market segment as homogeneous and marketing to the whole market with one marketing mix?
Show how the answer depends on the shape as well as location of the supply as well as demand curves.
Given the following MV information, what is the optimal allocation of care according to the Paretean criteria, when the marginal cost of care is constant at $100? Person A Person B Quantity of Care Consumed MV Quantity
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
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