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1. If hot dogs cost $3 and my marginal utility is 50 and hamburgers cost $4 and my marginal utility is 60, shoul I buy more hot dogs or hamburgers?
2. If the local car wash changes its price for a supreme wash from $13 to $16 and the number of customers change per day from 50 to 40, what is the price elasticity of deman for this service? Is the demand for this service relatively elastic or relativley inelastic? based on this change in price, will total revenue increase or decreas?
Explain why would this be described as a Prisoner's Dilemma game.
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
At present political campaigns, taxes and budget policy were key issues. White House budget packages are often created to stimulate economic growth.
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $42 is imposed in this market. Determine the quantity demanded,the quantity supplied, and the magnitude of the shortage if a pride ceiling..
Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio? Provide one (1) reason. Explain why depositing cash into a checking account does not change the money supply. Provide at least one (1) supporting..
Suppose You are a manager of a small US company that sells nails in a competitive market the nails are a standardized commodity,
The rates of server for performance monitoring were officially defined for 2008 also represents a reduction
Explain why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare.
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
Describe the need for federal government interventions in these crisis.
B and R, a reputable East Coast Bank, has developed a portfolio of assets that is selling quite well on the market. This particular portfolio is a series of call options.
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