Andrea loves to eat burritos with hot sauce. In fact, she cannot enjoy a burrito (B) unless it has two servings of hot sauce (H). She gets no additional enjoyment from more than three servings per burrito. Thus, her utility function is U (B, H) equals min(38,H)

U equals 3 and U equal 6 for indifference curves.

If her current bundle is 2 burritos and 8 hot sauces, mark the bundle on the graph. What is her marginal utility of hot sauce at the bundle?

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?