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Consider five people with the preference rankings over four projects a, b, c, and d as follows:
a. Draw the preferences by ranking the projects by alphabetical order from left to right.
b. Who has single-peaked preferences and who has not?
c. Which project will be selected by majority voting? If none is selected, explain why.
s how would this merger affect airline costs
Describe the adjustment process, assuming that output began at its natural (fullemployment) level.
What is petrodollar recycling, and how did it contribute to the debt crisis of the 1980s? Why were developing countries so eager to borrow money from international banks? Explain your answer.
(Money Versus Barter) "Without money, everything would be more expensive." Explain this statement. Then take a look at a Web page devoted to barter at http://www.ex.ac.uk/~RDavies/arian/barter.html.What are some current developments in barter exch..
Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per y..
price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit
Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $4M. Bowen owes his local bank $3M. Last year Bowen sold $5M worth of cotton. His variable operating costs were $4.5M; accounting depreciatio..
Determine the present worth of 5 annual deposits of $1,200 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $700nat the end of years 4 through 7. Note that both years 4 and 7 will have a depsoit and a withdrawal.
Analyze the role that a time series might play in helping address the business
Income elasticity of demand is always expressed as a positive number (absolute value).
Examine the major complexities that would arise under expansion via capital projects. Propose key actions that the company could take in order to prevent or address these complexities.
Etta and Moorea run a stand where they sell lemonade and brownies. Their cost function is \(C(Q_{L}, Q_{B})= .50Q_{L}+0.25Q_{B}+Q_{L}^{2}+Q_{B}^{2}-Q_{L}Q_{B}\) They can sell a cup of lemonade for $1.20 and a brownie for $0.95. What a..
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