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Suppose the monthly demand for soda by a consumer is given by Q=10 - 8P . A/ If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month? B/ what is the elesticity of demand for soda?
Suppose that Shelly's preferences for consumption and leisure can be expressed as u(c ,l)=(c-200)×(l-80). Calculate her utility, u0 , if she consumes c = $360 and enjoys l = 110 hours of leisure per week. Evaluate her marginal utilities of consumptio..
Illustrate what is the relationship among a firm's total income, profit also total cost?
Explicate how firms decide on where to produce depending on the marginal product and average product.
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
M is the average income in the United States. What could be the impact on your rm.
q1. an electrical utility is experiencing a sharp power demand which continues to grow at a high rate in a certain
Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.
Describe return to an investment in a college education. How would you go about measuring it. How would you decide it is good enough to warrant investment.
1.nbspnbspnbspnbspnbsp suppose a monopolist manufacturer sells his products through a monopolist retailer.nbsp the
q.the world is composed of two economies the european union and the united states. one of the european firms has a
According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments.
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
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