Principles of economics-decision-making-interaction
Explain how the principles of economics affect decision-making, interaction, and the workings of the economy as a whole,and explain how economic interactions are affected by the type of economic system present.
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Discuss the role of advertising in product differentiation and the intent of advertising in altering the firm's demand curve.
What are your firm's profits if you charge $25 for product X and $50 for product Y? What are your profits if you charge $60 for product X and $140 for product Y?
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When prices are ($2, $10), Emil chooses the bundle (1, 6), and when prices are ($12, $4), he chooses the bundle (7, 2). Is Emil's choice of bundles consistent with the Weak Axiom of Revealed Preference?
Kordel Inc. holds 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be elimi
You are one of five risk-neutral bidders participating in an independent private value auction. Each bidder perceives that all other bidders' valuations for the items are evenly distributed between $50,000 and $80,000.
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