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Why are indifference curves convex to the origin?Explain what Marginal Rate of Substitution (MRS) means? When wouldindifference curves be linear, vertical or horizontal?
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Frank was willing to contribute $40 this year to his local public television station. However, after learning that the television station had already met its goal of raising $400,000, he decided not to contribute because he knew he could watch public..
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show shortage and surplus and why they exist, add ceiling and floor, use examples and describe.
In recent decades Americans have increased their purchase of stocks of foreign base companies.
Suppose that Jack and Jill use a tit-for-tat scheme to encourage cartel pricing. Jill chooses the low price for two successive months, and then switches to the high price. The two firms will deviate from cartel pricing for a total of _________ months..
The owners of the clinic in exercise 11.1 invested $400,000. What is the return on investment? Is it adequate? ROI = (Net Profit/Cost of Investment) x 100 – Net profit represents the number of sales dollars remaining after all operating expenses, int..
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
How will this affect the firm’s profit maximizing use of coal and output? d) What is the advantage and the disadvantage of placing a tax on the burning of coal to reduce global warming?
You are considering two types of automobiles. Model A costs $18,000 and has a salvage value of $9,000 after 4 years. Model B costs $15,624 and has a salvage value of $6,500 after 4 years. What is the rate of return on the incremental investment? What..
Compare and contrast the Swedish and American approaches to welfare and other income redistribution programs and policies.
Apple Computer wants to have $2.1 billion available 5 years from now to finance production of a handheld “electronic brain” that, based on your behavior, will learn how to control nearly all the electronic devices in your home, such as the thermostat..
q1. game theory colonel blotto has three partitions through which to defend 2 mountain passes. his challenger also has
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