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Assume an individual is currently using all of his income to consume two goods, X and Y. If the prices of X and Y are $3 and $8, respectively, and the marginal rate of substituion of X for Y is four, is this individual maximizing his net benefits from consumption?
What is the current total investment? b) What is the current unintended investment? c) Is this an equilibrium outcome? d) What do the Keynesians say will happen to real GDP?
Determine what ways are company isoquant maps and individuals' indifference curve maps based on the same idea? What are the most important ways in which these concepts differ?
The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.
How income may change savings behavior
What feature in this example leads to the result that you don't need to know the amount of taxes collected by the government to find the equilibrium?
Cronwell Enterprises has total assets of $300 million. The corporation currently has no debt in its capital structure. The company's basic earning power is 15%.
Some people have suggested that forced population control is an efficient means of reducing the Tragedy of the Commons associated with our clean air and water resources. Provide an argument that would support this theory, and also an argument that..
Suppose your marketing department does a survey of potential users and finds that these users place the following values on the two versions of your software If the numbers of home and commercial users are equal
Assume Bill and Hillary notice prices are higher in high rent districts. Bill says it's because high rents cause high prices. Hillary says it's because high prices cause high rents. How do I explain who is right and why.
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
What is the income elasticity? Interpret the elasticity in a mathematic and economic context -- what does this number tell you? Is the own price elasticity consistent with economic principles? Explain.
There is a stretch of I-81 in Virginia where there is a single cellular carrier that has roaming charges for any cell phone calls made in its territory. It is the only cellular carrier in that territory, and it is confident that no other cellular ..
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