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Suppose that Gina's marginal utility from drinking milk is 5 utils per litre and her marginal utility from drinking coffee is 10 utils per litre. If the price of milk is 50 cents per litre and the price of coffee is 80 cents per litre, is Gina maximising her utility? If so, explain why. If not, explain how she should change her spending to increase her utility.
Draft a research proposal to identify the problem also suggests a methodology for recommending a solution.
Why is the Twelfth Federal Reserve district so geographically? large, while the Second Federal Reserve district is so small by? comparison?
Each payment includes one-fifth of the principal, plus interest on the unpaid balance. The interest rate is 11%.
What would happen to the equilibrium price and quantity of latte´s if coffee shops began using a machine that reduced the amount of labor necessary to produce steamed milk, which is used to make latte´s, and scientists discovered that latte´s cause h..
Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component? Also any reason why household purchases of new cars should be included in investment rather than in consumption?
Professor Grubert of MIT points out that nearly half of federal government spending is on social insurance programs, like social security, Medicare and Medicaid, Supplemental Nutrition Assistance Program or food stamps, the Earned Income Tax Credit, ..
Provide a brief description of some of the implications of leading in a changing global business environment which you might encounter in your envisioned career
Suppose John’s preference between goods A and B is represented by a utility function u(xA, xB) = xAxB, where xA, xB are amounts of A, B consumed. Draw qualitatively the indifference of John that has the same level of utility as 40 units of A and 5 un..
The radio announcer just finished up the daily market report during which they stated that the price of wheat has risen to $4 per bushel. What type of statement did the announcer make?
In the last two decades, the United States has been subject to very large increases in the immigration of undocumented workers from Mexico, most of them low-skilled, and the government has considered ways to reduce the flow. What effect would it have..
What is the primary driving force in a market economy?
Economics for Business-BECO001-University of Technology Sydney-Demonstrates understanding of microeconomic and macroeconomic concepts.
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