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Assignment about Managerial Economics?
Consider a pure exchange economy with wine (x) a cheese (y) only and two consumers only. Let cheese is numeraire good with price of $1. For each of the following set of consumers,
Assume the demand for good X is log linear, with QX = c / (PX)^1/2. (a) If the quantity demanded is 120 when PX is $2.00, what is the quantity demanded when PX rises to $4.50? HINT: Begin by finding the value of the constant c. (b) Using your answer ..
Explain to what extent the neoclassical growth theory (e.g. Solow Swan model) that emphasize capital accumulation and total factor productivity.
Proposed Free Trade Areas - there are many proposals for establishing free trade areas in Asia or the Americas. The US has completed free trade agreements with a number of countries (see USTR web site); there is a free trade area among some countries..
Our discussion board topic listed three potential solutions to the overuse of common resources: command and control, cultural norms, and creating property rights. Imagine you are a policy maker in California with the ability to design an intervention..
Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?
Would you expect expansionary fiscal policy to make interest rates in the economy higher, lower or unchanged? Sketch a diagram of the market for borrowing and lending in the economy to illustrate your answer. How will the affect on interest rates tha..
What is required before the state can restrict/regulate your use of real property? Why does the law require special steps be taken for the formation of joint tenancy?
When asked in a television interview what she felt she was missing out on because she spent most of her time training for the Olympics, a rower answered, “A normal social life.” She also revealed that she had given up a job that paid $20,000 per year..
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy?
The central bank of the fictitious country "Alpha" raises bank reserves by $200. What effect will the increase in bank reserves have on the money supply in each
Since Brexit has happened will Britain be allowed to sell bananas (because they are bendy) within the European Union?
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