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Lisa likes to have 1 bagel (X) with 2 packets of cream cheese (Y) for breakfast. Her breakfast budget is $10, and the price of a bagel is $3.50 and each packet of cream cheese is $0.75. a. (8 pts) What is Lisa’s optimal choice for breakfast? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis. b. (4 pts) Suppose that the price of a bagel increases to $5. What is Lisa’s optimal choice for breakfast now? You do not need to illustrate this new choice in a graph.
Smith Co saw a reduction in quantity of widgets is sold, down to 900 units. What is cross elasticity of demand between two brands of widgets.
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
Describe the Discretionary and Non-discretionary Fiscal Policy you would advise
Elucidate how important is a rapidly expanding domestic market in Alibaba.com's strategic assessment
Explain how much does the total amount of deposits in the banking system increase? By how much does the money supply increase.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
Which of explanatory variables in regression are statistically significant, Elucidate. How much of total variation in pie sales does regression model elucidate.
Explain how many units of labour will Valentines hire. What wage per unit of labour will Valentines pay.
Discuss why a corporation would want to enter a country with a high political risk and benefits that would need to be present to outweigh risk. Provide specific examples to support your response.
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