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How many fish should a commercial fisher try to catch in a day? Should he catch as many as possible or return to dock before filling the boat with fish? Under what economic circumstances should he not even take the boat out?

If a firm is incurring an economic loss, would society be better off if the firm shut down? Would the firm want to shut down? Explain.

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Suppose that Omar’s marginal utility for cups of coffee is constant at 2.5 until per cup no matter how many cups he drinks. On the other hand, his marginal utility per doughnut is 10 for the first doughnut he eats, 9 for the second he eats, 8 for the..

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With China's middle and upper classes so brand-conscious, how will an EDLP strategy be received? What are Wal-Mart's sourcing and logistics strategies in China market

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