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What is the relationship between price and marginal utility?
(a) Inversely related.
(b) Positively related.
(c) First positive, then inversely related.
(d) First inverse, then positively related.
Use economic analysis to explain why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.
q.suppose that a professor p has recruited a teaching assistant mr. a. professor p needs to increase her payoff
q1. assume which chenyu expects his income to be 50000 per year until she retires. in addition he has accumulated
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
Illustrate what marketplace structure is more beneficial for Wonks to operate in also will this be the same marketplace structure which will benefit consumers.
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
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