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1.Is it reasonable to assume that people seek to equate the marginal utility/price ratios of the goods that they purchase, if
(a) They have never heard of ‘utility, let alone ‘marginal utility; (b) Marginal utility cannot be measured in any absolute way?
Assume a risk-free asset has a 5% return and a second asset has an expected return of 13% with a standard deviation of 23 percent.
case - cost strcture and pricing sting ray poolvac inc. manufactures and sells a single product called the sting
The company currently uses seventy workers to produce 300 units of output per day. The daily wage is $100, and the price of the company's output is $30.
Is a "perfectly competitive market" an efficient mechanism for the allocation of scarce resources? When it is, explain why. When it is not, document reasons for either inefficient or undesirable outcomes.
Many social scientists say that poorer Third World countries should reject "models based on economic laws" of universal validity. According to them, there are no universal laws.
What is the labor-intensive good and what is the Marginal Rate of Transformation impact?
What are the advantages and disadvantages for a developing country of pursuing a policy of ISI?
Long distance telephone service has become a competitive market. The average cost per call is $0.05 a minute, and it's declining. The likely reason for the declining price for long distance service is:
The fresh milk market in Honolulu is purely competitive. The typical production cost is defined through a a cubic cost schedule as given below.
Over the last 15 years the Heritage Foundation and the Wall Street Journal have joined forces to produce an annual Index of Economic Freedom
1.Why, under oligopoly, might a particular industry be collusive at one time and yet highly price competitive at another?
How would a more controlled access to credit through companies and individuals have reduced the over leveraging of businesses
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