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Q. Michael likes to eat chips and ice cream. Michael purchased 10 units (bags) of chips at $2 per unit, and his marginal utility of the last unit of chips purchased was 12 units. Michael purchased 7 units (containers) of ice cream at $4 per unit, and his marginal utility of the last unit of ice cream purchased was 20 units. If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips & more ice cream or stay at the same purchase level (10 units of chips and 7 units of ice cream) to maximize his utility? Why?
q.given the following annual information about a hypothetical country answer questions a through d.billions of
q1. a fenway park home of the boston red sox seating is limited to 39.000. hence the number of tickets issued is fixed
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
What was the amount of the equal annual end-of-year payments for each of ?rst 3 years? b. What was the amount of the equal annual end-of-year for each of the last 3 years?
q.evaluate relationship among the european euro crisis in 2012 as well as the american economy. evaluate how this
Calculate the breakeven value at the low price of the data item that you consider most likely to be unreliable.
What are three methods for estimating the cost of common stock from retained earnings? Which of these methods provides the most accurate and reliable estimate?
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
q1. if the impact of the u.s. imposed on japan voluntary export restraint of passenger cars to the u.s. from 2000000
Suppose the inverse demand for an industry was given by P = 60 - 0.03Q. What price results from perfect competition in this market? How many units are sold in this market?
Evaluate in relation to the key export readiness requirements and identify any characteristics that may be important to the company's potential export success.
What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?
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