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An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these preferences consistent with our assumptions of consumer theory? (Hint: Draw a diagram, plot all these three bundles and provide a short analysis)
A chemical company uses large amounts of shredded steel scrap metal in its production processes. Most of this scrap comes from 12-ounce beverage cans. What kinds of information would you need to make such a forecast?
Compare the effects of the drought under the tariff with those under the quota
q1. elucidate relationship among production curves average product and marginal product also cost curves average
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Please discuss the idea and the background of the European Monetary System (EMS). Why is it so difficult to manage a parity grid?
Predatory pricing is easy to prove in a court of law. An incumbent firm may experience a learning curve that allows it to produce at a lower cost than a potential entrant. A firm receives no individual benefit from strategies that raise the marginal ..
q1. explain what does the axiom of strict convexity of involve about preferences? also clarify in words as well as
q1. use this information to answer the next three questions. sam sells shavers also alvin sells after cut off. imagine
Assume the average whole price of a wireless phone is curently $50. Do you think this company should enter the market.
What is a change in the interest rates on excess reserves? And there should be an actual equation with the numbers plugged in.
q1. a third country fun land also produces food and drinks. in fun land one resource unit produces 8 tons of food and 6
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