3. A consumer’s consumption bundle consists of 2 goods; R and S, with prices PR and PS The consumer’s income is M. Assume that S is graphed on the vertical axis and R is graphed on the horizontal axis. a. Write down the equation of the budget line in explicit form with S as the dependent variable. b. In terms of prices, write down the absolute value of the slope of the budget line? c. What happens to the budget line if the price of R increases, but the price of S remains constant? d. In terms of prices, write down the absolute value of the slope of the budget line if the price of R doubles and the price of S triples. e. In part d, does the budget line become flatter or steeper? Explain.

Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.