Consumer choice, Consumer Choice   * Consumers choose a combination of g...

Consumer Choice   * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz

Profit maximization, Profits University creates student credit hours (y) wi...

Profits University creates student credit hours (y) with two inputs: Professors' hours of work (x1) and TAs' hours of work (x2) according to the manufacture function: f(x1,x2)= 10x

Supply and demand, Explain the meaning of the statment "coffee and tea are ...

Explain the meaning of the statment "coffee and tea are close substitutes".

Determine the sources of divergence, Sources of Divergence The principa...

Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou

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Utility, if sabela can afford 4 trousers and 4 pairs of shoes.she could als...

if sabela can afford 4 trousers and 4 pairs of shoes.she could also use her entire budget to buy 8 trousers and 2 pairs of shoes.if the price of a trouser is 500 birr,how much is s

#title•The price of a laptop increases by 20% and there is a,

Agriculture, project on visit to village for agriculturebased project

project on visit to village for agriculturebased project

Pure competition markets, what is pure competition markets?

what is pure competition markets?

What is free trade agreements, Q. What is Free Trade Agreements? Free T...

Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari