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Derek consumes only rackets and tennis balls. His utility function is U(x,y)=x^2y^8, where x is the number of rackets consumed and y is the number of tennis balls consumed. Derek's income is $320, and the prices of rackets and tennis balls are $4 and $3 respectively. How many rackets will she consume?
Determine its level of profit. (b) Suppose that a fixed costs increase to $75. Verify that this change in fixed costs does not affect the firm's optimal output.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
_____ focuses on how individuals manage a global business.
Explain your answer statements be true at the same time. The unemployment rate in Tappania is higher now than it has been in 50 years.
q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
Compute both Burton Cummings's explicit costs every month also his implicit costs every month. Compute the opportunity cost of the resources utilized by Burton Cummings each month.
Why has supply chain management become so important in recent years? What has changed in terms of business and marketing resulting in growing emphasis on the development of relationships and partnerships both upstream and downstream?
Consider two neighbouring island countries called Bertland and Ernamia. They each have 4 million labor hours available per week that they can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or cloth..
assume yn 11600 t0.2 as well as g 2610.a compute the amount of taxes at natural real gdp.b clarify why there is a
Illustrate what closing time should Citywide Spirits Shoppe choose to maximize profits.
Elucidate the reason Explain why a competitive firm should stop producing immediately if the price is lower than the average variable cost.
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