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Suppose that my tastes for roses (x) and other goods (y) can be represented by the utility function u(x, y) = βxα + y , where MUx = αβxα-1 and MUy = 1. Roses cost $5 each and my income is $125 per week. Assume that py is by definition equal to 1, and α = 0.5 , β = 50. a. Calculate my optimal consumption of roses and other goods as a function of px and M. b. Calculate my optimal consumption of roses for income of $125 and when my income increases to $500 per week.
how did reagan contribute to corporate restructuring? what was the impact of the merger movement on the american
please write a 700-1000 word paper in which you address the questions below. also please do your best to format your
consider an industry in which chief executive officers ceos run firms. there are two types of ceos exceptional and
You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared).
In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..
Investment rejects some of the furnishings because they do not match the plans, and subsequently refuses to allow Justus to finish the work or to col¬lect payment. Could Justus sue successfully for payment for the entire contract.
If the merged firm were able to exploit economies of scale it would affect costs, may be even marginal costs. Assume the marginal cost of the merged firm was not 40, but 30. Is the merger profitable in this case?
which areas of hr do you think will be most affected by current and future trends discussed in this course? what are
If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
What are issues in choice of functional form and what would be an alternate functional form that avoids these issues?
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
Employ the following equation to demonstrate why firm producing at the output level where MR=MC will also be capable to maximize its total profit.
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