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Mark's preferences over goods X and Y are given by U(X, Y) = XY + 10X+10Y
If the price of good x is $ 6 and the price of good y is $ 2, and Mark can spend a combined total of $ 20 each day on these goods, find Mark's optimal consumption basket.
A rise in corporate income taxes increases the investment in physical capital for any given interest rate.
What does this imply about the current versus future expected exchange rate (for the Australian and Canadian dollars)? Explain.
How would the firm go about pricing in this case? Identify the key economic characteristics of the firm's optimal pricing scheme. Will profit be higher or lower than that obtained under the assumptions of part a and part b?
1. a is a group of potential customers with similar needs who are willing to exchange something of value with sellers
describe the beliefs that Keynesian and classical economists hold about the role of the government in managing the economy and the business cycle, and the foundation and reasons for these beliefs
1. Which of the following industries comes closest to the model of perfect competition?
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
If hotel management decides to price-discriminate in a manner that maximizes profit, what will be the marginal revenue in each of the market segments, A and B?
A problem he nonetheless shares with Kant follows from the fact that he doesn't make it clear what makes a good action good. Kant doesn't give any further indications concerning the foundation of the notion ‘good'. Give a comprehensive on this.
Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
Write an essay of about 3,000 words using the approaches developed in the module to appraise the fiscal strategy of the Conservative-Liberal Democrat coalition government.
Take into account how productive each is per dollar spent and make up your own example of the balance between the two and how management can best maintain the balance and employee morale at the same time.
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