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1. Affordable set of goods and services for the consumer is bounded on which side of the the budget line?
2. State the assumption of the ordinal utility?
3. State the law of budget constraint?
Show the area on the graph that would correspond to consumer's surplus earned by the typical boarder/skier with this payment scheme. Explain your answer briefly.
What happens to the demand for pizza if the price of that product decreases? What happens to the supply of tomatoes if the wages of tomato pickers increase?
Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.
Illustrate what might be some practical problems or issues the country might face with this proposed plan.
They produce fewer pounds of choice meat per carcass. More than a third of the animal is ground up into buffalo burger, meat too lean to make good patties.
What people need is a quality of mind that will help them to use information and to develop reason in order to achieve lucid summations of what is going on in the world and of what may be happening within themselves.
What is the Fed Funds rate and what happened to the Fed Funds rate in the days following the collapse of Bear Stearns and then of Lehman Brothers?
In spite of this potential impact on future growth (discussed in question 2), under what circumstances be a good idea to increase government borrowing? Justify. {Note: This is obviously your opinion—just be sure to back up your opinion.}
Suppose that you are the top marketing manager for the Pepsi-Cola Co. You are engaged in an intense battle for market share in domestic beverage market with Coca-Cola Co.
Gurgling Springs, Corporation, is a bottler of natural spring, is a bottler of natural springs water distributed throughout New England states. Five-gallon containers of GSI spring water are regionally promoted & distributed through grocery chains.
Consider the following model of a closed economy (Smallville): MPC = 0.8 - 0.01Y (marginal propensity to consume) C = MPC x YD (consumption function) YD = (Y - T) (disposable income)
Suppose that the International Monetary Fund (IMF) is concerned about currency depreciation in a small open economy. a. What type of fiscal policy should the IMF propose to the government of the small open economy to generate a currency appreciatio..
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