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Use the following to answer the questions below:
z is the marginal utility per dollar measured in utils, x is the amount spent on product A, and y is the amount spent on product B.
Assume MUA = z = 40 – x and MUB = z = 84 – 4y.
Assume that the consumer has $40 to spend on A and B; that is, x + y = 40.
What is the marginal utility per dollar? What is best way to allocate the expenditure of the $40?
Please show your work? (can this also be done in excel?)
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
What is the difference between gross domestic product (GDP) and gross national product (GNP)? What is the difference in what GDP measures compared to GNP? Based on the table, what calculations must you make to determine GNP from GDP?
The government is allowing for emergency procedures to aid suffering chocolate addicts.
The demand curve for cookies is down word sloping, when the price of cookies is $2, the quantity demanded is 100. If the price rises to $3, what happens to consumer surplus?
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
Please explain “opportunity cost” and give three examples from your own life. Please include and identify both “explicit” and “implicit” costs in your examples.
Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. Elucidate how does this make sense using supply and demand in a market in equilibrium.
With some services, e.g., checking accounts, phone service, or pay TV, consumers choose between two or more payment plans. One can either pay a high entry fee and get a low price per unit of the service or pay a low entry fee and a high price per uni..
_______If an employee is involved with transforming resources into goods and services, then he is in
If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.
What is Washington State's apple business like and Do people in Taiwan want to buy apples -
The market where business sell goods and services to households and the government is called the
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