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Carl starts out with 20 cords of firewood and only 5 bushels of corn and has a MRS of 1 firewood for 3 corn. Debbie starts with 25 bushels of corn and only 10 cords of firewood and has a MRS of 2 for 1 (2 firewood for 1 corn). How can both be made better off through the trade? Illustrate with a graph.
Assume that the supply of labor to some industry is inelastic at Es, and that the industry has a standard, negatively sloped labor-demand curve. Depict the equilibrium. Now suppose that the government mandates that every employer must pay each worker..
Create a proposal for the Final Research Paper which is due in Week Six. This proposal will help you develop a comprehensive guideline for your Research Paper. The framework for the paper should include the following: A clear thesis statement. An ann..
Find the equivalent equal payment series (A) using an A/G factor such that the two cash flows are equivalent at 10% compounded annually. First cash flow: Start at -$50 at year zero and goes up every year in increments of $50 so at year five its at $2..
The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 -0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed i..
The demand for a product is p = 70-0.7x where x is the quantity for the item sold at $p dollars per piece. Determine the revenue function and the domain of the function. Include a full explanation of how you found the revenue function. What price sho..
Of course it is a generalization but we are trying to examine its relevance to management theory and practice. The best practice is to formulate your reply in a Word document and upload it here. A one page answer, more or less, should do it.
the pilots will receive options to buy 14 million shares of the firm's stock over the next 10 years. What impact do you think this new contract will have on Southwest Airlines?
Efficient regulation. Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 1000 people in the community, each of whom has an identical demand function given by. How large are the annual net benefit..
When I explain to my friends that we can help poor people more if we just give them cash transfers, they complain that the poor people will spend the money on things that are bad for them. Assume there are two types of goods—“good-for-you” goods and ..
What suggestions do you have for marketers on how to avoid "over marketing" their product brand names to the point that they negatively impact consumer perceptions? Support your response with some examples, both positive and negative.
You are going to display what happens in the long run in perfectly competitive markets when firms are operating at a loss. Demonstrate the shift that will occur in the market in the long run if all firms in this market are operating at a loss. Identi..
Suppose there are two candidates disputing election in a linear city defined on the interval [0, 1]. There is a continuum of voters uniformly distributed on the interval [0, 1]. Voters closer to the point 0 prefer more conservative candidates, and vo..
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