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Ralph wants to buy some milk and a box of cereal. If Ralph buys 4 gallons of milk at $3.00 per gallon, the box of cereal costs $2.00. If he buys 5 gallons of milk, the box of cereal is free. For Ralph, the marginal cost of buying a fifth gallon of milk is?
If a credit card company charges 3% each month on the unpaid balance, compounded monthly, what is the effective annual rate?
Jasmine’s Snack Shop sells two brands of potato chips. She produces them by buying them from a wholesale supplier. Brand X costs Jasmine $1 per bag, and Brand Y costs her $1.40.
Explain how many hours of work is the consumer working. What is her income.
Suppose that the currency drain ratio is 10 per cent of deposits and the desired reserve ratio is 1 per cent. If the Reserve Bank sells $100,000 of securities on the open market, calculate excess reserves after the first round. Calculate the money..
In a short run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,
A decision making model is more beneficial than simple comparing costs and benefits because decision making model encourages you to consider multiple options?
visit a website wuth a privacy statement or use your bank privacy statement. Is the privacy statemnet you reviewed suffcient and effective How can the company improve on its privacy statement
Describe your understanding of what makes a cost or factor relevant to economic reasoning.
Assume the United States government is planning changes in economic and social policy to decrease wage inequality.
Would you assume this as an externality, and if you do, what would you suggest be done about it.
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
Draw a graph showing hte above situation. Include in that graph, the monopolist's cost curves, demand and marginal revenue curves and the price and quantities that are indicated by the situation described above.
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