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Potatoes cost Janice $0.50 per pound and she has $6.00 that she could possibly spend on potatoes or other items. Presume she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. A- How many pounds of potatoes will she purchase? B- What if she only had $3.00 to spend?
What are your recommendations to the current administration considering the state of the economy and the level of national debt? What are the implications of your recommended course of action?
1. how has technology changed your relationship with specific businesses or organizations such as your bank your school
When a single seller is confronted in a market by many small buyers, monopsony power enables the buyers to obtain lower prices than those that would prevail in a competitive markets.
what is the difference between a change in demand versus a change in quantity demanded? a change in supply versus a
The table lists the maximum feasible hourly rates of the production of pastries if no sandwiches are produced and the maximum feasible hourly rates of the production of sandwiches if no pastries are produced.
scenario 1 police while conducting your regular patrol duties as a police officer you observe a young couple arguing
1. suppose the market for melons can be described by the graph below. show all work in your answers.a. if jons maximum
Discuss two situations in which you made a decision by weighing the marginal cost and marginal benefits. Explain your rationale in economic terms, such as the marginal principle and principle of diminishing returns.
If the nominal money supply grows 10%, the inflation rate is 6%, and the income elasticity of money demand is 1.0, then real income growth equals
Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.
Using a prisoner's dilemma game such as the "wedding game." explain how a positional arms race can occur. In your answer be sure to explain positional arms races, the nature of the wedding game, etc.
during the past year the average price of lots along lake michigan in carol beach rose from 2500 to 3000 per foot of
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