Discussion Question 2 Thirty years ago, the market for chicken was perfectly competitive until Frank Perdue began marketing chicken under his name. How do you suppose Perdue created a brand name for chicken? What did he gain from doing so? What did society gain from having ...
September 23, 2011
For being such a hard worker, you are going to receive $50 to spend this weekend. How are you going to spend your $50? Explain your choices in terms of the equimarginal rule. Could your utility be changed if you were to make other spending choices? Why/why not? I am not sure ...
September 14, 2011
I am having a hard time answering these questions. I just need them explained to me so that I really understand them, when I get ready to take my test. 1. How do changes in demand/supply affect prices? 2. How does a change in demand/supply affect the equilibrium price? 3. How ...
September 11, 2011