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Mark has preferences represented by a utility function U(x1,x2) = x11/3x22/3. The prices of x1 (cookies) and x2 (soda) are p1 and p2, respectively. Income is equal to Y. Answer the following:
What kind of utility does Mark have? Write Mark's budget constraint and an equality you can use to find Mark's optimal demand choice for cookies and soda.
Derive Mark's demand function for cookies. Are cookies a normal or an inferior good for Mark?
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What factors will influence group members to conform to a group's norms, and when will members remain independent? Do individuals who do not conform to the groups' norms ever succeed in influencing the rest of the group?
A part of the project management plan that is the baseline of the scope of a project and includes the project scope document, WBS, and WBS dictionary best defines.
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You have just opened a Jeep Cherokee dealership. Which of your employees would be paid salaries? Which would be paid hourly wages? Which would receive commissions and/or perquisites?
Compare and contrast leadership cultures and human resource strategies between two organizations by writing a 3-5 page paper.
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