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Suppose a consumer has a daily income of $48 and purchases just two goods, A and B. The price of A is $8 and the price of B is $6.
a. Draw the budget line for the consumer in a graph. Indicate the area of the graph that is attainable given the income and the area that is unattainable.
b. Suppose the price of good A drops to $6: how does the budget line change? Illustrate this graphically.
c. Suppose further that the consumerâs income increases to $60. Show how the budget constraint changes graphically.
Why invest capital in purely competitive industries with equilibrium margins that are razor thin and entrants that erode quasi- profits? Suppose volume is not exceptionally large, why then?
Describe the specific security concerns or risks that your chosen operating system is exposed to and how you plan to mitigate the risk that each one presents.
Your firm is one of 100 identical firms operating in the short run in a perfectly competitive market. Your total cost function (short run and long run) is C = 800 + 25 q + 0.5 q2, and your marginal cost function is MC = 25 + q. Find the lowest price ..
how do shifts in provide also demand influence price, quantity also marketplace equilibrium of toilet paper.
Why is the New York Federal Reserve president always on the FOMC? Does the committee meet often enough? Should its meetings be closed to the public? Have its recent attempts at greater transparency helped its image? In responding to your classmates’ ..
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
q1. butler leased a certain piece of property from wheeler with an option to purchase it at later dates. the agreement
An explanation of “The Millennium Ecosystem Assessment.” The role of “Corporations” as a “part of the problem” or a “part of the solution” to “sustainable development.” The influence of “fair trade” in promoting/ economic development and/or a sustai..
q. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
A score of 898 is the best? (highest) score possible. Thirty-nine percent of the FICO score is based on payment history for credit? cards, car? loans, home? mortgages, and so on. Suppose your current FICO score is 740 and you have just missed a credi..
When analyzing a project's Present Value, it is acceptable to use "Net Income" in your calculations because annual "Net Income" is the same thing as annual "Net Cash Flow" for your company.
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