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One of the main tenets of economic analysis is that people act in their own narrow self-interest. Why then do people leave tips in restaurants? If a study were to compare the size of tips earned by servers in restaurants on interstate highways with those in restaurants near residential neighborhoods, what would you expect to find? Why?
Submit a 2-3 page paper using APA formatting responding to the following questions. How will (a) an unexpected 3 percent fall in the price level in the goods and services market differ from.
What is the labor-intensive good and what is the Marginal Rate of Transformation impact?
Do you agree that the firm is necessarily wasting company profits? Explain using concepts from class. In answering this question assume that employees would be more productive if they stayed at the client's office.
Coca-Cola and PepsiCo are leading competitors in market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in lemon lime soft drink market and ranks fourth among all soft drinks worldwide.
Suppose the firm has 20 machines and is producing its current output using an optimal K /L ratio. How many people does Mountain Springs employ? Assume each person works 40 hours a week.
Assume long run production for the company is indicated by, Compute the firm's optimal amount of capital and labor.
Which of the two options should Patricia pursue if she wants to open a restaurant in a suburban area of Los Angeles? Calculate the total expected utility from each restaurant option and compare.
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25 percent in last year.
Ann McCutcheon is employed as a consultant to a company producing ball bearings. This company sells in two distinct markets, each of which is completely sealed off from the other.
the new york botanical garden is a very large garden in the bronx renowned for its beautiful flora. it is so large
question 1.the organization and coordination of the activities of a business in order to achieve defined
7. problem-solving question use the following data for a firms output at various levels of employment l to calculate a
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