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Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions, 20 utils after four repetitions, -50 utils after five repetitions, and -200 utils after six repetitions. Write down her marginal utility for each repetition. Once Mylie’s total utility begins to decrease, does each additional singing of the song hurt more than the previous one or less than the previous one?
Why do you think the stock market has performed or offered higher return than the bond market in the last 30 years? Why do you think gold is dong so well recently? Briefly discuss
Larry, Curly and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Curly wants the saloon to bring in as much revenue as possible. Moe wants to make the largest possible profits.
After the firm's patent expires, predict the new market output and price. Assume that competing suppliers have the same economic costs as the original producer. Calculate the resulting change in consumer surplus.
Discuss how the two cases illustrate the major theme of this text: Changes in the macro environment affect individual firms and industries through microeconomic factors of demand, production, cost, and profitability.
After choosing the topic do the article review which includes following steps a. a short summary that clearly covers all of the fey elements in the article. this summary must show that you carefully read and understood the content of the article.
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than using accounting expense data. What is the difference between opportunity cost and accounting costs?
Think about a company that has been a state-owned, natural monopoly. If it is privatized, what kind of regulatory policies could the government follow, and what impact might they have on the firm.
Plank's Plants had net income of $2,000 on sales of $50,000 past year. The company paid a dividend of $500. Total assets were $100,000, of which $40,000 was financed through debt.
Our economy thrives on competition. Market forces will lead company to produce the mix of goods most desired. Unforeseen events can be responded to in a rational manner.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600. Find equilibrium GDP. What is the multiplier for this economy?
The economy has 100,000 adults , 10,000 are full time students and 20,000 are retired, the rest are either working or looking for work,and of those 7,000 are looking for work. How big is the labor farce/ what is the labor forc participation rate.
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