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Vicki is shopping for books. She prefers Great Expectations to The Chosen and prefers The Chosen to Jurassic Park. She buys Great Expectations and Jurassic Park for a total of $30. Which of the following MUST be true?
a. Her PIBP for Jurassic Park is greater than $15.
b. Her PIBP for Great Expectations is greater than $15.
c. Her PIBP for Jurassic Park is less than $15 .
d. None of the above.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits
Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.
If you were in this industry also there was an increased demand for the product which pushed up the price of goods
Now that you are an expert on elasticities, what do you think would be the best time of year to raise prices, and why? What do you think the elasticities are in the flower business? Use graphs and hypothetical tables to support your answer.
Consider now an economy where you need to search for a job. Let b be the function of people that do not have a job and are searching for one. Here active population and working age population do not coincide. Write the equation describe the dynamics ..
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Cornell has two options for upgrading their athletic facilities. The off campus option costs only $20 million, but it will require frequent bus service to those facilities at an annual cost that starts at $300,000 and increases by 4% per year.
Which of the following is an example of moral hazard?
Critically analyze how each of the above can impact the firms sustainability and identify the appropriate strategic steps you will apply to revamp this company.
q.suppose you know that chateau mulls mrt of wine for garbage was 21 it would require the creation of 2 additional bags
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
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