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1. Nicole's income is $1,000 per month. She spends all of it on shoes (S) and books (B). Shoes cost $50 and books cost $25. Her marginal rate of substitution for shoes with books is MRSSB = 2B/3S. Illustrate her utility-maximizing combination of shoes and books and draw her price-consumption curve if the price of books rises to $30.
Continental Airlines was doing something that seemed like a horrible mistake. All other airlines at the time were following a simple rule: They would only offer a flight if, on average,
Explain, using the prisoners dilemma analysis, why cooperation can be mutually beneficial, but if conditions prevent cooperation or collusion from happening, the outcome is worse for both parties.
At several universities and colleges, business professors receive higher salaries than professors in others fields. Why might this be the case?
Why does exchange rate overshooting occur? What determines its magnitude?
Writing a short essay comparing the differences between the Italian Renaissance and the Northern Renaissance on Fashion Art?
Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem.
1.In what ways might the views of different politicians on what constitutes a good tax system conflict?
Explain how a company can incur costs of financial distress without ever going bankrupt. What is the nature of these costs?
QopyQat specializes in printing business cards and resumes, using latest laser technology. After examine the business, manager has decided that weekly demand can be approximated;
Assume your firm's method of making decisions under risk is "making the best out of the worst possible outcome" What rule would you be forced to follow?
question 1.the organization and coordination of the activities of a business in order to achieve defined
Show the game in strategic form using hypothetical payoffs of your choice. Use the arrow technique to identify the equilibria.
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