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Define marginal utility. Provide an argument why to maximize total utility over good x and good y, the consumer should consume until the ratio of marginal utilities over price is the same across both goods.
the small three-story brick building was slowly being dwarfed by the new gleaming white brick-and-glass office and
The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service? The demand function P = 30-..
Explain how the moves towards smaller deficits and eventually to budget surpluses and fiscal consolidation could effect: (i) Government debt levels (ii) Interest rates
Write a two page double spaced essay in which you discuss the importance of competition within an industry for consumers. Be sure to use the long run industry standards in your essay.
What is the profit-maximizing output level xM? What is the profit-maximizing price pM (assuming that the monopolist can only charge a single per-unit price to all consumers)?
1. you are the manager in a market composed of five firms each of which has a 20 percent market share. in addition each
Calculate Alex's income elasticity of demand for bagels and what is the pasta sauce makers' estimate of the cross elasticity of demand for pasta sauce with respect to the price of pasta?
Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to impo..
Long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial Economics) where interviewed regarding the effect on the firm they both work at. Keeping all else constant, their answ..
Television channel operating profits vary from as high 45-55% at MTV and Nickelodeon down to 12-18 at NBC and ABC. Provide a Porter Five Forces analysis of each type of network.
What is the distribution of z - Find the mean returns and the variances using the summarize or tabstat command.
The total cost of a firm is given as C(Q) = 0.2Q3 - 0.5Q2 + 300Q +100 the current level of production is 10 units. If the firm plans to increase its level of production to 10.1 units estimate the change in the total cost of production
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