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Carmen's preferences are such that she is always indifferent between watching two movies or seeing one basketball game. Suppose that Carmen has an income of $90. If a movie costs $10, and a basketball game costs $18, what will Carmen's optimal consumption bundle be?
A.3 basketball games and 3 movies
B.2 basketball games and 5 movies
C. 9 movies
D.5 basketball games
q.suppose you are the manager of a home-building company and the government is considering eliminating the
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Assume a firm has production technology given by f(L,K) = L^1/3 K^1/3. Assume pK = 1 = pL and compute the firm’s short-run and long-run cost functions.
q.like supermarkets full- service department stores like macys are generally in decline. what factors might these types
Illustrate what effect would this have on her dress price in the short run, assuming she is following the rules of profit maximizes.
What is the purpose of the term sheet and why is it important? Be sure to write a detailed long essay to this question. Think about who the term sheet is written for, why it is written, and what does it need to convey.
Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. The relationship has been ..
q1. suppose that on january 1 the price of one hundred yen was 0.80 and ppp held. over the year the japanese inflation
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
Discuss the social and economic effects of colonization? How did it contribute the “Price revolution”? What were the main tenets of bullionism/mercantilism? What policies and events combined to bring an end to the Spanish hegemony?
Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.
We never entertained the possibility that more than one market failure might exist simultaneously.
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