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maria consumes two goods strawberries and other goods because of her exquisite taste she buys her strawberries from a
peter consumes comic books c and sodas s his utility over comic books and sodas is given by ucs minus1 c minus 1 s
short answer1 why are some products elastic and some inelastic2 why do some businesses charge consumers different
lynn borrows 5000 at 15 percent per year compounded monthly she wishes to repay the loan with 12 end-of-month payments
hurricane katrina damaged a large portion of refining and pipeline capacity when it swept through the gulf coast states
suppose the demand curve for a monopolist is qd 500 minus p and the marginal revenue function is mr 500 minus 2q the
1-a key difference between supplies and components is thata-supplies unlike components are business productsb- supplies
there are n identical firms that produce microprocessor chips market demand is p 1500 minus q and the cost to produce
suppose you have 120 to spend on food and clothing the price of food is 4 and the price of clothing is 8 a graph your
consider a bertrand model but where the firms have different costs specifically suppose that firm 1 has a marginal cost
you are the manager of a firm in a market where the demand is p 50 minus q you have only one rival and both you and
in the early 1990s airbus and boeing were both considering building a new very large aircraft vla airbus faced this
an industry consists of a dominant firm with costs cqd qd and 8 identical fringe firms each with costs cq 1 q2
consider the following supply and demand schedule for a steel manufacturer price per ton 20 40 60 80 100 120 140 160
how do the following activities contribute to the us economy explain your answers clearly and be precise1 chinese
using diagrams for aggregate expenditures ae and aggregate demand and supply ad-as show the short- run effects each of
tablesales and paymentsmanufacurting sales revenue 1000total wages paid to labor in manufaccturing 500total wages
shadow pricing is an important concept in that it involves unknown or difficult to calculate costs this creates a range
which of the following statements are true about inflationit occurs when the overall level of prices increasessome
pecific factor modelcanada and mexico suppose that canada and mexico produce two goods timber and televisions assume
the first demand-side elasticity discussed in class and the readings was the price elasticity of demand ed it is
consider a hypothetical market for paper you are given the following demand supply and mec curves p100-q mc14q mec10
expected net cash flowsyearnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp
just as consumer sensitivity to changes in price and in the determinants of demand dod may be measured through demand
in the us landowners have the mineral rights to all minerals that might be found under their property eg oil and