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Alexa likes ice cream, but dislikes yogurt. if you make her eat another gram of yogurt, she always requires two extra grams of ice cream to maintain a constant level of satisfaction. on a graph with grams of yogurt on the vertical axis and grams of ice cream on the horizontal axis, graph some typical indifference curves and show the directions of increasing utility
Explain the changes in interest rates, inflation, and unemployment rates that your research yielded. Explain one reason for each of the changes in interest rates, inflation, and unemployment rates.
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
Compute the price, output, and profit contribution if the product is not certified. Compute the price, output, and profit contribution if the product is certified. Should the firm undergo the certification process?
Describe how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
Discuss the relationship between shoe brands P and N, and also the type of good that shoes P can be classified as and discuss the meaning of R-square and the t-value for the parameter estimate on the Pp and PN.
Should the monopolist advertise? If so what will happen to the price and who will each pay up to $8.00. Neither are willing to purchase additional units at any price
What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
Calculate the arc price elasticity implied by the initial response to Z-Best's price increase and calculate the effective price reduction resulting from the coupon promotion.
The highest quantity of lobsters demanded and what is the marginal net utility (consumer surplus) when the market price is $ 4.00 per lbs. why?
minimum wage legislation increases costs of production (and thus product prices) and creates an excess supply (unemployment) of unskilled labor.
Assume monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated?
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