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1. Prove that inferior goods (goods with a negative income effect) have a backward bending income consumption curve.
2. Prove that giffen goods have a positively sloped demand curve and a backward bending price consumption curve.
3. Comment about substitution effect and income effect when price of good one alone decreases if the goods are perfect substitutes.
4. Comment about substitution effect and income effect when price of good one alone decreases if the goods are perfect complements.
5. Prove that compensated demand curve is always negatively sloped.
6. Use weak Axiom of Revealed Preference to illustrate that substitution effect is always negative.
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
Assume, no calls are currently on hold. If agent takes 5 minutes to complete current call, how many callers do you expect to be waiting by that time. Illustrate what is probability that none will be waiting.
q1. suppose that the government cuts taxes in response to a recessionary gap but because of legislative delays the tax
The president of the United States receives an annual salary of $400,000. Derek Jeter, shortstop for the New York Yankees, receives an annual salary of $23.2 million. If the president of the United States actually contributes more to society than Der..
In your opinion, have these measures been effective or ineffective in addressing the major concern or concerns of the business cycle?
As conditions in short term financial markets improved by summer of 2009 the Fed closed down its lending under these programs. However, throughout the next 4 years the Fed increased substantially its purchases of longer term mortgage backed securitie..
Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, describe the risk, and whether persuasion was used.
Some, like Santander, have quietly expanded into or business lines; its consumer-credit division is Europe's biggest car financier. What is next.
Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy.
Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education? Why does a movie actress like Angelina Jolie earn more than a movie actress from the 1940s?
illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods.
A bank has issued a six-month, $2 million negotiable CD with a 0.52 percent quoted annual interest rate. Calculate the bond equivalent yield and the EAR on the CD. How much will the negotiable CD holder receive a maturity?
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