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Question - John takes microeconomics with Professor Nice. Professor Nice gives 2 exams, a mid-term and a final, and he marks each exam out of 100. Initially, the mid-term exam counts for 40% of the overall grade while the final exam counts for 60%. However, being nice, the professor introduces another option of weighing the midterm 20% and the final 80%, and each student's overall grade is calculated using the weighing option that gives him or her a higher overall grade. John strictly prefers a higher grade to a lower one.
(a) Draw the indifference curve (for midterm and final exam marks) such that John's overall grade is 80.
(b) Are John's preferences convex and (strongly) monotonic? Explain your answer.
You have decided to develop a PowerPoint presentation explaining the entire economic evaluation process.
Do you think Maddox is right when he claims that Picard is being "irrational and emotional" in his view of Data? Do you agree with the JAG officer's final ruling? Why or why not?
If jokes cost $3 each and cartoonists' labor costs $18/hour, then the cheapest way to produce comic books requires using jokes and labor in which ratio
Do collective-action problems contribute to or discourage rent-seeking? Explain your answer. Explain why having a minimum voting age may cause rent-seeking.
Suppose that Q = 5√KL, w = 5, r = 20, C = 1000. Please find the optimal quantities of labor and capital that this firm should hire. How much output can the firm produce
Assess value of ethical codes for financial management in general. Compare the code with similar code from your organization or one with which you are familiar.
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Calculate Chen's optimal consumption bundle when Chen's income is $30.
You are ready to finally plan your family summer vacation. After what seems like an eternity of long hours at work, you deserve a week of total relaxation.
Explain the following : a) Why the long-run aggregate-supply curve is vertical. b) Three theories for why the short-run aggregate-supply curve is upward-sloping.
question 1suppose you have a rare simpsons animation cel that youre looking to sell. you decide to hold an english
consider the following production function y fkl a k0.4 l1.0a. calculate the marginal product of labor.b. does this
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