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a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritoes she consumes.
b.) why can't all goods be inferioir?
Explain how do these barriers to entry affect the price of tickest to professional sporting events also the number of tickets sold
The historical returns on a balanced portfolio have had an average return of 12% and a standard deviation of 18%. Assume that returns on this portfolio follow a normal distribution. Use the empirical rule to answer the following questions. What p..
the following model is a simplified version of the multiple regression model used by biddle and hamermesh 1990 to study
Why is capital relative scarce in low-income developing countries and relatively abundant in high income countries? In brief describe the capital market institutions in a developing country that you are familiar with.
Suppose the supply for optometrists is given by LS= -6 + 0.6W, while the demand curve is given by LD= 50-W. Also, assume that the government imposes a payroll tax equal to $8 for each optometrist hired by a firm. a. Find the equilibrium wage and e..
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Determine absolute advantage and comparative advantage and explain why will resources specialize according to their comparative advantages?
Why could not monetary policy prevent the earlier booms? Explain the dynamics implied by the so-called Walters critique and could the countries have used other policies to counteract the earlier booms?
Is there backing for coins, paper currency, and check-writing deposits?
Illustrate what amount should Kilarny Company pay for this investment if it earns a 6% return. What cash proceeds did Galway Bay receive from issuance of the bonds.
The energy Department estimates that domestic demand for natural gas will grow by more than 40 percent between now and 2025. Distinguish between a demand function and a demand curve.
Dave is employed by a corporation that currently pays him $65,000 a year. He owns a new car that he bought for cash of $32,500. Dave is thinking about returning to school to get a law degree.
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