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You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation for the budget line with bananas on the y-axis. Is that equation unique?
If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
q.a car manufacturer claims that its vehicles average at least 25 miles per gallon with a population standard deviation
A Publishing company uses 400 printers and 200 printing presses to produce books. Elucidate how should the manager adjust input usage.
q.suppose that a banks customer deposits 4000 in her checking account. the required reserve ratio is 0.25. what are the
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Illustrate what is the practical significance of income elasticity coefficients. Explain the significance using as examples an income elasticity.
Assume that the company's is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new sc..
Does Ike feel emotionally neutral since the dollar value of the gain in his stock portfolio exactly offsets the amount of extra taxes he has to pay
When on leave, workers receive 55% of their normal paya. Illustrate what are the likely responses on the demand (employer) side of the market.
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
they have the same demand curve for computer services. Use a graph to illustrate the overall value of computing services to the consumer. What does this imply about the profit maximizing price HAL can charge for the computer hardware.
As oil prices rose during 2006, the demand for alternative fuels increased. Ethanol, one alternative fuel, is made from corn.
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