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Suppose the weighted marginal utility for two goods, X and Y at a position of consumer equilibrium is 70. if the price of good Xis R 10 and the relevant marginal utility for Y is 140, what is the price of good Y and the relevant marginal utility for good X?
Suppose you work for a drug manufacturing corporation that holds a patent on Hair Grow, the world most effective drug for restoring hair.
Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market?
If it will cost us approximately $0.75/bottle to supply more Coke to our consumer what should we do if our goal is to maximize profit.
in a fully labeled graph illustrate the following scenarioif greece leaves the euro zone there will be macroeconomic
Explain why the competitive markets does not always operate efficiently and if the regulatory authority of a natural monopolist sets price equal to marginal cost what problem would arise.
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
If the Federal Reserve System wanted to tighten the money supply, the most powerful combination of actions would be to a. raise reserve requirements, lower the discount rate, and buy government securities b. raise reserve requirements, lower t..
Bank North advertises, “We pay 6.5%, compounded daily.” Bank South advertises, “We pay 6.5%, compounded continuously.” If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?
Mr mohamed's budget line relating to goods X and goods Y has intercepts of 50 units of goods X and 20 units of goods Y. If goods X is dollar 12
Compute the total fixed costs, total variable costs, average fixed costs.
Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.
A monopolist faces market demand given by P = 200 – Q. For this market, MR = 200 – 2Q and MC = 3Q. What quantity of output will the monopolist produce in order to maximize profits?
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