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Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility representation with utility function on prizes u : X->R.
Suppose that v(.) = au(.)+b for real numbers a > 0 and b. Show that v also represents >.
Finds in a simple regression analysis which demand increases with an increase in advertising also falls as advertising expenditures are reduced.
How much could the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
Where Q is the production and V is the number of employees working 8 hours a day
When design dominance is discussed, what company name comes to mind.
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results.
Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.
what happens to gross debt as a percentage of GDP. Elucidate what happens to the level of debt held by the public as a percentage of GDP.
Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments.
What if the pollution invades Baker's home and harms her health
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Evaluate how average, total, and marginal costs change as the output of a good or service of your choice increases. Can economies of scale be maintained despite high start-up costs.
Calculate and describe the Nash equilibrium (quantities, price and profits) in the game in which both firms choose their quantities simultaneously.
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