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You buy a house and pay for it. A year later the price of houses changes while all other prices(and your cash income) remain the same. Assume that houses can be sold and bought without incurring transactions costs. Show that the price change makes you better off irrespective of wheter it was an upward or a downward change.
Esther price of maple syrup increased by $6 per pint - $7 per pint production increase from 250 to 300 pints what is the elasticity of supply over this range is Supply elastic or inelastic over this range
Ilustrate what is the market price and level of each firm's output in the short run. How much profit does each firm make.
Which of the following is least likely to be part of the opportunity cost of a college degree? An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:
Data abstraction, inheritance, and composition are Java concepts. Choose one and explain it in your own words. Discuss why you think the concept is useful for a programmer.
Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price
Consider an economy described by the production function: Y=F(K,L)=K ^(.4) L^(.6). What is the per-worker production function? Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker,..
Product Differentiation via Location: A salesman’s territory is a single, mile-long street. Consumers of his product are equally distributed along the street. He has decided to set up a store to sell his product. In addition to this salesman, there i..
Here's some background info. A company's duty to operate honorably, provide good working conditions for employees, be a good steward of the environment, and actively work to better the quality of life in the local communities where it operates and in..
Country X is a growing economy located in southeast Asia. Although it has a large population, it also has a disproportionately high number of working age people. A large English-speaking workforce and low labor costs make it a competitive outsourcing..
Using any data set on the wages of a large number of American workers, it is easy to show that on average the wages of Asian-Americans are higher than the average wage of the population as a whole. Does this fact necessarily demonstrate that there is..
In 2013, the furniture store PB produced 13 mahogany desks. One of them is sold to Jeanine for $3,349, later that same year Jeanine sold the desk to Pamela for $1,919. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
During the recent 2007-2009 economic contraction, nominal interest rates fell to nearly 0% while the rate of inflation remained positive. What happened to the real interest rate? How would this movement in the real interest rate affect decisions to s..
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