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Compute the marginal utility per dollar
Mary is consuming 3 hot dogs and 2 Cokes at the Bucs game. The marginal utility of the third hot dog is 60 utils and the marginal utility of the second Coke is 180 utils. The price of a hot dog is $1 and the price of a Coke is $4. From the information given, we can see that Mary consumed too many (hot dogs, Cokes) and too few (hot dogs, Cokes)
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
Consider a firm selling two different products at two different plants. The cost function for both plants is given by C (q 1 , q 2 ) = q 1 2 + αq 1 q 2 + q 2 2 .
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
The return to a college degree raise a lot while college enrollment remained steady.
Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information)
Target costing is just new fashionable term for something which we have done all along.
Estimate total revenue function and the marginal revenue function with just this information.
The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.
Describe the point elasticity of demand with respect to advertisement
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