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Q. Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers. We can conclude that the avocado also crab dip cannot have tasted that good. The avocado also crabs dip with crackers now has a marginal utility of zero. At this point cheese also crackers has a higher marginal utility per dollar spent than that of avocado also crab dip with crackers. Kathleen is no longer maximizing her utility.
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
Decide whether the Demand for paint is elastic, unitary elastic or inelastic. Elucidate your reasoning also interpret your results.
Dependency theory characterizes countries as being either in the center or on the periphery
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Elucidate the value of a trucker's life disguised by compensating discrepancy among the two firms.
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
Explain how does the concept of dualism adequately portrays the development picture in developing countries.
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
Discuss the manner in which an analyst would compare the relative profitability of the two potato chip segments.
If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
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