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1. Bridge has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridgets utility, while the last pound of cheese added 40 units.
a. Is Bridget making the utility maximizing choice? Why or Why not?
b. If not, what should she do instead? Why?
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what are the examples to producers take advantage of the internet to implicitly fix the prices
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Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $10, the cost of mowing the second Lawn is $12, and the cost of mowing the third lawn is $15.
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Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
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