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Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
q1. a third country fun land also produces food and drinks. in fun land one resource unit produces 8 tons of food and 6
q1. suppose that there are only 2 inputs i.e. labor and natural resources which produces 2 goods i.e. movies and
Demand and supply of certain resources in Australia and factors other than price which affect demand and supply
assume equilibrium price in a perfectly competitive market is $100 and within this market, a typical firms total cost curve is summarised. Find expected profit maximizing output.
Could you please explain why long run supply curve can be downward sloping and implication for behaviours of price as demand increases over long run.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
Ellen and May can produce two goods in a day, breakfast bars and frog food pellets. In a single day, May can make 10 breakfast bars or 30 frog pellets
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families.
Your study partner is confused by upward-sloping short-run aggregate supply curve and vertical long-run aggregate supply curve. How would you explain why these slopes differ.
Elucidate however, you do not have to start making payments until you graduate from college 2 years from now.
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