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Microeconomics
how can a Petty shopper utililises limited resources to fullfil his basic needs
Microeconomics
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 7 percent. This firm is earning $15 on every $150 invested by its founders.
Microeconomics
Variable costs are
Microeconomics
Assume that you are from petty shopper of the family .how can you utilise the limited resources to fulfill your needs.
Microeconomics
Assume that you are an entrepreneur of a hotel. What are the fixed and variable costs to be carried out in that business
Microeconomics
Do we need cashless translation? What are the modes of cashless translation?
Microeconomics
Analyze several goods (which are often purchased by consumers) then answer the questions: a) determine whether the goods are elastic or inelastic and why. b) describe in the supply and demand curves the impact of the tax burden on these goods!
Microeconomics
Samantha has $7 to spend on apples and bananas and wants to
maximize her utility on her purchase. Based on the data in the
table, how many apples and bananas should Samantha purchase, and what is her total utility from the purchase? Does the
utility-maximizing rule hold true for her purchase? Explain.
maximize her utility on her purchase. Based on the data in the
table, how many apples and bananas should Samantha purchase, and what is her total utility from the purchase? Does the
utility-maximizing rule hold true for her purchase? Explain.
Microeconomics
Why does government impose price celling and price floor on certain commodities? who are the beneficiaries of both
Microeconomics
Suppose that in one single day with all available resources the U.S. can produces 500 units of Steel
or 250 units of Lumber and that Mexico can produce 300 units of Steel or 100 units of Lumber.
1. Transform the given into a table showing two different combinations of Steel and Lumber
for Mexico and for U.S.
