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Q1. Illustrate what is the marginal revenue from selling another book for the author? Explain how does it compare to the marginal revenue of selling another book for the publisher? Briefly explain.
Q2. Dave has $300 to spend each month on DVDs and CDs. DVDs and CDs both currently have a cost of $10, and Dave is maximizing his utility by buying 20 DVDs and 10 CDs. Assume Dave still has $300 to spend, but the cost of DVDs rises to $12, while the cost of CDs drops to $6. Is Dave better or worse off than he was before the cost change? Use a budget constraint-indifference curve graph to illustrate your answer.
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time.
Then make an argument for why the government may still prefer using the other approach.
What were there reason why IMB lost it advange over the computer world.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.
The law in Ruba says no worker shall be paid less than nine slugs per hour.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
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