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Our desires and satisfactions are often relative not only to what others have but also to what we ourselves have become accustomed to. A small amount of tasteless food can be the source of immense satisfaction to a very hungry person. Is the marginal satisfaction gained by upgrading from codfish to jumbo prawns or from processed cheese to brie as great as the marginal satisfaction in going from one cup of rice per day to two? The marginal cost of the last improvement is surely far less.
Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..
Think about what you would be doing if you weren’t in class. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you were not in class, determining the ..
Illustrate what are the State's doing that is consistent with the constitution.
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2.5% discount, while the remaining 55% pay in the month fo..
Not long ago an employee came into my office asking for a wage increase. I responded by asking what increase in productivity the employee brought to the University in order to merit such an increase.
Describe the impact of effective communications to the internal public's of the company. Utilize the communications procedure to make an effective internal public relations action plan.
The company you work for asks you to recommend whether their Mercedes truck should be replaced now or kept in service for an additional 10 years.
One tractor to be considered is an International Harvestor. It has an initial cost of $38,000 and an annual maintenance of 100 with a salvage value of $17,000. It's useful life in years is 25. What is the value/cost closest to the annual worth of the..
In case of conflicting IP rights, could firms bargain to attain efficient outcomes. Is re room for entry if consumer welfare is not being served.
suppose the government is considering the imposition of a unit tax to be levied on beer producers. the view of
Suppose which Sam is now growing wheat on enough land to produce 7,000 bushels of wheat. Illustrate what is the opportunity cost.
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