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A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y? b) If the MRS between X and Y is 3 and the marginal utility of Y is 3, what is the marginal utility of X? c) If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
chemical potential energy from rotating turbines into thermal energy. B) electrostatic energy from rotating turbines into chemical energy
Two firms with differentiated products compete in prices with demands: q1: 1-P1+0.5P2 q2: 1-P2+0.5P1 Suppose that both firms can produce at the same constant marginal cost c. a. Draw the best response functions. b.Find the prices corresponding to th..
Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Explain why the short-term project might be higher ranked under the NPV criterion if the cost of capital is high whereas the long-term project might be deemed better if the cost of capital is low. Would changes in the cost of capital ever cause a ..
if they expect to satisfy about 80 orders in the next financial quarter, what is the probability that they will break their previous export record?
Compounds are always composed of two or more elements. Atoms of different elements are different. Isotopes have the same number of protons but a different number of neutrons.
Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..
Provide an estimate of the cross-price elasticity of demand for gasoline, both with respect to new cars and with respect to used cars. Are these estimates statistically significant? Do they align with economic theory? Give an interpretation of y..
Give your opinion on whether or not the development of the International Space Station stimulated economic growth. Justify your response.
A student is selected at random to represent the school at a conference. The probability that the selected student is a liberal arts major is what?
Incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
The marketplace is highly competitive, with boxes currently selling for $100 every thousand. Conigan's total and marginal cost curves.
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
Sketch the isoquant corresponding to an output level of 100 units What is the MRTS for this production function? Does the isoquant exhibit a diminishing MRTS?
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
Identify at least four forces in general environment of organizations and provide an example of each for an industry or business. How do se forces differ from external stakeholders in task environment.
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
llustrate what are the quantities produced before and after the tax was imposed.
What is the equilibrium cost as well as equilibrium supply.
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