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Adam Smith rejected utility as a foundation for value. He illustrates this rejection in his famous diamonds and water paradox. Briefly explain how the cognitive switch from total utility to marginal utility resolves this paradox.
At this level of pollution, what is the marginal cost of pollution control.
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
q1. the husband of miss young is a monopolist with constant marginal costs of 50 that can sell to three groups of
q.the mundell-fleming model takes the world interest rate r as an exogenous variable. lets consider illustrate what
q.suppose that social statistical data on two macro indicators were just released in the us. the price growth for past
q1. illustrate the positive part for us economic by getting the oversea factories back?q2. illustrate does the fed get
Suppose the price of a can of Diet Pepsi is $1. Find out Sally's optimal consumption of Diet Coke as a function of the unit price of Diet Coke (PC).
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs
q.assume that the most efficient production technology available for making vitamin pills has the cost structure given
Assume that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Illustrate what is the relationship among disposable income and consumption expenditure.
Illustrate what is the probability the driving distance for one of these golfers is less than 290 yards. What is the probability the driving distance for one of these golfers is at least 300 yards.
Assume that marginal propensity to consume is constant at 1/2 and breakeven point is $8,000. If income is $10,000, n how much will be consumed and how much will be saved.
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