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This week Greg bought 5 cans of tunafish at $1 each and 4 packages of pasta at $2 each. Hismarginal utility from tuna is 25 units of utility per can and his marginal utility from pasta is 60 units ofutility per package. Next week he'll have the same amount of money to spend: should he do anythingdifferent? Why or why not?
What is the size of the government budget surplus associated with your answer - What does it mean to say that truthful revelation of preference is a dominant strategy in this case?
the demand curve is given byqd500-2pxa. what is the total revenue function?b. the marginal revenue function is mr250-q.
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
Describe the conditions under which revenue will rise and explain the process of revenue at NSU.
Researchers have found that during the last recession, when income fell by 6 percent, many fast-food restaurants saw their sales increase by 8 percent while the sales of soda fell by 12 percent in grocery stores.
Consider a closed economy, where the price level P is constant and equal to 4.You are given the following additional information:
Analyze the process of forecasting foreign-exchange rates and create a short list of best practices. Explain your rationale for selecting the practices you did.
describe developing countries and how they differ from industrial market economies. how can international trade aid
Which the vaccine reduces the probability of catching the disease (what is usually reported in the press), or the absolute amount.
Calculate the break-even weight for weaners. Show your calculations here and Develop a partial budget for a change in weaner cattle production.
a firm in a purely competitive industry has a typical cost structure. the normal rate of profit in the economy is 5
The loan office of the bank has just called Ms. Firth to mention another financing possibility-the graduated payment mortgage. Terms, interest rates, and fees are the same as a normal mortgage. However, by lowering the payments in the early years,..
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