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please include graphs and explanationssmith likes cashews better than almonds and likes almond better than walnuts he
the marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of
1 a substitute good is a determinant of supplytruefalse2 as globalization and world trade proliferates individual
1 demand is measured on the vertical axis and supply on the horizontal axistruefalse2 opportunity cost is the lowest
1 joint output of individuals or nations will be maximized when goods are exchanged between parties in accordance with
suppose that you hate typing and hate filing1 draw a graph with ldquohours of typingrdquo on the horizontal axis and
your income is 10 and you buy sodas for 1 apiece one day a local bully starts demanding that you buy him a soda for
1 a worker in rhode island can produce 1 pound of corn in 15 minutes and 1 pound of shucked oysters in 10 minutes a
1 assuming both types of taxes collect the same number of dollars a wage tax is preferable to a head taxa trueb false2
suppose that annual income from a rental property is expected to start at 1000 per year and increases at a uniform
given an annual annuity of 30 for years 1 through 3 and a deferred annual annuity of 100 for years 4 through 7 and an
tracy has utility given by ufh fh2 last week tracy had an income of 6 and the price of food was 1 the price of housing
larry wants to determine what kind of growth he needs in order to achieve a 2500000 in net worth when he retires to
garden plots at the aches and pains elderxare facility rent for 1 per square foot per month lucky has 100 per month to
1 a kinked demand curve is most likely to occur when other firmsa follow any change in price by a rival firmb engage in
describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order
what lessons should companies learn from siemensrsquo reliance on briberyit will take a very long time to recover from
suppose that a small county is considering adding a guard rail to a dangerous curve by a river the guard rail will cost
the occupational safety and health administration osha has determined that the probability of a worker dying from
in 1796 gottfried christoph haumlrtel a german music publisher calculated the cost of printing music using an engraved
1 if the selling price of a product is 10 the average total cost is 8 and total sales are 5000 units the total profit
a internet company has a fixed cost of 1750000 per month and a variable cost of 25 per month per subscriber the company
based on below equationssupply p 42middotqsdemand p 40minus2middotqdanswer the following questions1 graph the supply
a consumer has preferences ux 2x 1 2 1 x2 the price of good 1 is p1 gt 0 and the price of good 2 is 1 you may
suppose a consumerrsquos preferences over goods 1 and 2 are represented by the utility function ux y x y3 draw an