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Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurace equal to a year's salary, vacation time based on length of employment with the company and retirement pay equal to 8 percent of income. Comment on how such a flexible benefits package would affect your preference between higher wages and more benefits. Use the theory of consumer behavior in your answer.
The NFL wants to give the "common fan" the opportunity to attend the Super Bowl, Illustrate what is the equilibrium price also quantity.
q1. explain why the following situations would occur in terms of the factors that affect elasticity.a demand for
q. 1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
Assume that the industry is monopolized by only one company. Write the equation of the TR curve and then plot the TR curve(with Q along the horizontal axis and TR along the vertical axis) for this company. Comment on the shape of the TR curve.
Suppose you have $400 to spend on either Baseballs (B) or Baseball Gloves (G). Baseballs cost $8 each and Gloves cost $25 each. Using a graph, illustrate your budget constraint. Please put the number of Baseballs on the vertical axis and the number o..
what combination of coal-fired plants and gas-fired plants would minimize construction costs.
Assume some pencil workers switch to jobs in the growing computer industry
Does built in stability mean assume that non-discretionary changes will take place automatically, provide tax rates and systems in a place.
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.
A change in input prices shifts the isoquant map. Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital. A change in cost shifts the isocost curve.
give an example of a government created monopoly. is creating this monopoly necessarily bad public policy?explain two
Which of the following is classified as a sunk cost?
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