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What is the equation of his budget line? Sketch the budget line and two possible indifference curves that Herbert might have (use shelter on the horizontal axis and food on the vertical axis). One indifference curve should show Herbert spending his entire budget but consuming too much shelter. Label that point on the graph A. The other indifference curve should show Herbert choosing the best feasible bundle. Label the optimal point B. What is Herbert's marginal rate of substitution between food and shelter when he is consuming the best feasible market basket?
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
Assume the following was overheard at the water cooler: "I think our medical device company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs."
What do we mean when we refer to basic economic difficulties of what to manufacture, how to manufacture, and for whom to manufacture?
Select an organization that has a high fixed cost and low variable cost balance to run its operations. Explain and discuss the balance of fixed and variable costs for the organization.
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
Create a list of reasons for your recommendation and include considerations of product features and use of advertising.
Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.
In 2005, APEX received a tax credit for production of its solar panels through the US Department of Energy's Energy Efficiency and Renewable Energy procurement plan.
Assume the Fed decides to buy $1 billion in Treasury bonds from the public. Suppose that the reserve requirement is 10%. What takes place to the interest rate and money supply?
Assume that the government proposes to cut taxes while maintaining current level of government expenditures. To finance this deficit, it may either
Summarize the differences between the four market types. Provide a general explanation of how business may maximize profit within each market type.
Differentiate the way Keynes and Friedman approach the economy. Determine the key differences and similarities?
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