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Use Fisher's model of consumption to analyze an increase in second-period income. Compare the case in which the consumer faces a binding borrowing constraint and the case in which he does not.
In “Diminishing Marginal Utility: It's a Law,” a writer for the Ludwig von Mises Institute explains the concept of diminishing marginal utility, gives a detailed example, and then concludes that the law of diminishing marginal utility is “irrefutably..
The current exchange rate between the Japanese yen and the U.S. dollar is 120 yen per dollar. At current prices, a basket of goods that costs $100 to produce in the U.S. would cost ¥11,000 to produce in Japan. What is the current real exchange rate b..
The Pizza Company is considering entering the marketplace in your community. Use the information from "The Pizza Company Data" worksheet, located in Week 3 of your course shell, to complete this assignment.
Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. If both adopt technolo..
Two weeks later, Nina arrives and demands to purchase 15 of Seth's cars. Is he obligated to sell?
The standard theory of monopolistically competitive firms maintains that, in the long run, such firms will operate at less than full capacity. Does this result depend on whether firms produce identical or differentiated products? Explain. What will h..
A Petroleum company recently completed construction on a large refinery in Louisiana. The final construction cost was $71,000,000. The refinery covers a total of 260 acres. If the power-sizing exponent for this type of facility is .70, what is the es..
Compare another developed nation's model of healthcare to the model used in the United States.
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
question 1 for the following scatter plot what would be your best estimate of the correlation coefficient?nbspquestion
In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it..
In a city, the Taxi industry is regulated by the Government Taxi Authority. A company can only supply taxi services, if it is issued a licence by the Government taxi Authority. Suppose that the Government Taxi Authority issues two licenses, to Big Be..
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