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Simple Math question.
A firm has total cost function TC = 2x^2 + 3y^2 -3xy -3x +30. Find the optimum bundle of x and y that will minimize the cost. (Use cramer's rule)
question 1 growthistan has a very technologically advanced neighboring country techistan whose initial level of
Suppose that there is a cultural shift in America emphasizing the importance of saving money as opposed to current consumption. a.) Illustrate the impact on the interest rate in the market for loanable funds. What direction does the interest ra..
Suppose the Fed reduces the money supply by 5 percent. What happens to the aggregate demand curve? What happens to the level of output and the price level in the short run and in the long run? According to Okun’s law, what happens to unemployment in ..
suppose that an oligopolistic is charging 21 per unit of output and selling 31 units each day. what is its daily total
Assuming that Amazon's internal figures are correct, compute the arc elasticity of demand for the change in price from $14.99 to $9.99 by using the corresponding quantity numbers from the article.
In the book ''The Travels of the T-shirt in the Global Economy'' Is China's domination of the textile industry best described as a victory or a failure? Give three reasons for the United States domination of the global cotton industry.
In reference to the 2008 Global Economic Crisis.
These the aggregate expenditure model developed in this chapter to explain the following statements: a. Coming amid continued turmoil in the financial and credit markets, the report sent stocks lower, with the Dow Jones Industrial Average falling 146..
If a scaper-hauler that was purchased 8 years ago is sold today for $25,355, the payments for the piece of equipment were $38,355.67 per month, the owner derived an annual benefit of $475,000 for each of the 8 years of ownership, and the interest rat..
Individuals without health insurance impose substantial negative externalities on those who do. In a paragraph, list some of these externalities and briefly describe their signficance.
Your firm’s research department has estimated the income elasticity of demand for Art Deco lawn furniture to be -0.85. You have just learned that due to an upturn in the economy, consumer incomes are expected to rise by 5 percent next year. How will ..
1. let z be a t x 1 vector of random variables with joint density function fztheta where theta is a k x 1 vector of
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