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Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
As a result of the recall, you would expect that
1. the supply of mustard would decrease, the price of mustard would increase, and the demand for mustard would decrease.
2. the price of mustard would increase, the supply of mustard would increase, and the quantity demanded of mustard would decrease.
3. the supply of mustard would decrease, the price of mustard would increase, and the quantity demanded of mustard would decrease.
4. the price of mustard would increase and both the quantity of mustard supplied and the quantity of mustard demanded would increase.
The annual maintenance cost is estimated to be $100K. A major renovation at a cost of $50M is required every 100 years. What is the capitalized cost of the bridge at an interest rate of 5%?
Considering companies operate in their own self interest, should cartels be legal.
Ben Laden is considering an attempt to differentiate his product from several other competitors by using high quality natural herb dyes.
In order to just break even, Elucidate how much will the company have to charge for every set.
Assume which the present first generation consists of 1 million people, half of whom are women. If the total fertility rate.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
A manufacture procedure using 2 inputs, labor as well as capital.
Are these preferences consistent with the lw of diminishing marginal utility
Does aggregate accounting enable us to measure also analyze how much a nation is producing also consuming.
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Illustrate what is the effect on equilibrium price and quantity in the market for oranges if a new orange picking machine is developed.
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