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A utility-maximising consumer changes their spending for goods X and Y so that:
a) TUX/PX = TUY/PY
b) MUX = MUY
c) MUX/MUY = PX/PY
d) PX (MUX) = PY(MUY)
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..
Financial intermediaries are pretty crucial in the market for loanable funds. What are some examples of financial intermediaries in the market for loanable funds?
Explain the difference among a price floor also a price ceiling. Provide a situation in which a price ceiling may be used.
Explain how the price elasticity of demand varies as we move from left to right along a linear demand curve. At which part of the curve is demand unit elastic Where is it elastic Where is it inelastic
1. occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
Explain the budget identity and fixed budgetary commitments, with specific reference to the South African 2009/2010 budget, as constraints on the pursuit of discretionary fiscal policy
How would you compare this case to the so called "prisoner's dilemma" case and how would you compare this case to the so called "Nash Equilibrium"? Explain the difference between this case and Nash Equilibrium clearly.
A company finds there is a sudden increase in the demand for its product. In the short run, it must operate longer hours and pay higher overtime wage costs.
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan. a. Give an adverse selection explanation for this, and offer advice to your friend on how to solve ..
Develop a proposal plan for handling engineering changes in a more controlled manner so that the BOM problems mentioned above are eliminated and the planning process is improved. Present the proposal as a memo to your boss, Mr. Matt R. Plann,
Donaldson + son has an ROA of 10 percent, a 2 percent profit margin, and a return on equity equal to 15%. What is the company's total assets turnover?
Finally, compare the relationship between the trade and budget deficit in each decade . Write a paragraph and summarize your findings. You may use different sources to help you with this assignment.Make sure to include tables for your data.
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