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Suppose that omar's marginal utility for cup of coffee is constant at 2.5 utils per cup no matter how many cup he drinks. on the other hand, his marginal utility per donut is 11 for the first donut he eats, 10 for the second he eats, 9 for the third he eats, and so on declining by one util per additional donut. in addition, suppose that coffee cost $1 per cup, donut cost $1 each, and omar has a budget that he can spend only on donuts, coffee, or both. How big will that budget have to be before he would spend a $1 buying a first cup of coffee?
Describe the effect of each of the following events on the market for labor in the computer manufacturing industry. Use graphs.
A manager at strateline manufacturing much choose between twoshipping alternatives: two day freight and five-day freight. Using five day freight would cost $135 less than using two day frieght.
David is horrified to see that the value of his favorite beverage has raised. Determine which of the following would unequivocally be responsible for this value raise?
Calculate the price that the Plaza Movie House will charge for admission to movies in the long run and what will be the number of patrons per day at that price?
Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.
Show graphically how regulating the value of a monopolist can both increase quantity and lower price.
Determine how global competition impacts FORD. Should the organization/industry continue, expand, or reduce current operations in order to maximize profits? Explain your reasoning.
Draw the total market demand curve. Label the axes and intercepts. Discuss how the price elasticity of demand changes along the demand curve.
Redstone Clayworks, Corporation is located in Sedona, Arizona and creates clay fire pits for patios. They are one of about two dozen companies around the world that produce and sell clay fire pits for retailers such as Home Depot Lowe's Front Gate
Use Human Capital theory and describe the relationship between skill and unemployment. Naturally, economists and the public at big usually think of skill level having having an inverse relationship with unemployment.
Demonstrate how an increase in personal and federal income taxes ultimately affects Bank of Canada's balance sheet.
Find out the socially efficient price, units of output and profits? How much output would a monopoly produce? Find out the price and profits of the monopolist?
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