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Amount of utility
The last cup of coffee I bought gave me a marginal utility of 10, bringing my total utility from all cups of coffee I have purchased to 200. The last pizza I bought gave me a marginal utility of 50, bringing my total utility from all pizzas purchased to 750 (I really like pizza!). The price of a cup of coffee is $2. The price of a pizza is $10. I have no more money to spend.
How might I have reallocated my spending so as to maximize my total satisfaction from pizza and coffee?
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
Illustrate graphically the impact in the short run and the long run of a Federal Reserve decision to increase open-market purchases.
The return to a college degree raise a lot while college enrollment remained steady.
You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.
Illustrate what would each political philosophy of utilitarianism, liberalism, and libertarianism likely suggest should be done in this situation.
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
What is the expenditure multiplier-explain this briefly? What does it multiply? When an economy is in equilibrium what the size of unplanned inventories is?
Explain how do these barriers to entry affect the price of tickest to professional sporting events also the number of tickets sold
Elucidate the maximum amount that would pay for an asset that generates an income
Assume the economy is slumping into recession and needs a fiscal policy boost.
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
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