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how does the mechanism for distributing and rationing most government goods and services differ from goods through markets? give some examples?
Business Management, Management Studies
Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTS LK ).
Discuss how the concepts of diminishing marginal utility and utility maximization serve to underpin the concept of demand and quantity demanded. Include examples in your response.
Suppose a firm sells 15,000 units when the price is $20, but sells 25,000 units when the price falls to $14. A. Calculate the percentage change in the quantity sold over this price range using the midpoint formula. B. Ca ...
1. Correct the following statements, if needed, so that terms "demand', "quantity demanded", are used correctly. Write down the correct sentence. a. As price of pizza increases, consumers demand less pizza b. An increase ...
Considering the various components of strategy as they relate to career development, who are career development strategic managers?
Once considered pure science fiction, artificial intelligence (AI) is being relied on more and more in today's world. Artificial intelligence deals with algorithms based on complex data sets. If you had to tell story rep ...
Identify three decision making biases and errors. Explain why each bias or error you identified can have a negative effect on decision making.
What is a good analogy of Subnetting? What's a break down of how it is used within a company?
What could an organisation do to encourage workers to participate in an implementation process?
The relationship between the activities of believing and perceiving is complex and interactive. On the one hand, your perceptions form the foundation for many of your beliefs. On the other hand, your beliefs about the wo ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As