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What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.Guided Response:In 300 words or more, please, provide your response to the above discussion question. Find two goods from your own consumption basket and explain how the MRS changes for the two products as you substitute one for the other. Respond substantively to at least two of your classmates' postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Elucidate why Pizza Hut has expanded its offerings of pizza over the past five decades
Give an economics analysis of that liability standard for product-related harms.
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
Explain how is the activity reflected on the balance on current (BCA) account different from the activity reflected on the capital and financial accounts (BFA).
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
Why a favorable shock to the production function tends to reduce the price level, P. How could the monetary authority prevent this fall in P.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?
Describe some forms of government spending that represent consumption ad some forms that represent investment.
Illustrate what will be the effect on the level of checkable deposits.
what is the threshold value of the discrimination coefficient "d" at which prejudiced businesses will start hiring only white workers?
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