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Question: u = 2x2 + 3y2 hence income = 310 birr and price = 3 birr calculate quntity of x and y the optimize and minmize utility for the given income
We are allocating space on the first civilian flight to the Moon. There are only n seats available and m > n people who would be interested in going. The seats will be allocated by sealed-bid auction in which the n highest bidders will win. Co..
Demand and supply analysis to make a range of market related decisions - examine and demonstrate why it might be necessary for government to intervene in the production of goods and services and in the distribution of income
Recall that changes in current price are illustrated by movement along the curve and cause changes in either "quantity demanded" or "quantity supplied."
part -11. write down the households budget constraints for period 1 and 2 and identify the current account.2. derive
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes
The demand for milk is given by Q=120,000-20,000P. a. What is the equilibrium quantity of milk if the market price is $3.00? b. What is the equilibrium quantity of milk if the market price drops to $2.90?
How do firms benefit from economies of scale? What might be some potential disadvantages of being part of a large corporation? Presume business is booming at your firm. It is contemplating adding more capital however the day supervisor suggests simpl..
Normal 0 false false false EN-US X-NONE X-NONE Explain the concept of re..
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixth year. After 2 years service the company, having surplus profits, r..
An electric switch manufacturing company has to choose one of the three different assembly methods. Method A will have a first cost of $40,000 an annual operating cost of $9000, and a service life of 2 years.
Imagine a reunion in 10 years time with your classmates. Under one scenario, you ?nd that although your income rose 50%, everyone else's income rose 100%. Under another sce- nario, your income fell by 25%, but everyone else's fell by 50%. Which of..
When the economy in the region tanked, he could no longer cover his losses with new debt or equity infusions, and the whole empire fell like a house of cards.
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