Business, 15.10.2019 04:30 jakeyywashere
4. in the late 1990s and through 2000, the british public became increasingly concerned about " mad cow disease," which could be deadly to humans if they ate beef from these cattle. fearing the disease, many consumers switched to other meats, like chicken, pork, or lamb. at the same time, the british government ordered the destruction of thousands of head of cattle. illustrate the effects of these events on the equilibrium price and quantity in the market for british beef. can we determine with certainty the direction of change for the quantity? for the price? explain briefly.
Answers: 3
Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
Business, 23.06.2019 01:30
Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?
Answers: 3
Business, 23.06.2019 14:00
Explain the law of diminishing marginal utility as the basis for the slope of the travellers demand curve
Answers: 2
4. in the late 1990s and through 2000, the british public became increasingly concerned about " mad...
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