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Garden plots at the Aches and Pains Elderxare facility rent for $1 per square foot per month. Lucky has $100 per month to spend on her garden and bus with each bus ride costing $5. The good news is that Lucky's children will pay for half the cost of the garden up to 50 square feet. Sketch Lucky's budget constraint with her children's assistance. Clearly label the interesting point.
If a country desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Elucidate pros and cons associated with this case.
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 the number of unemployed people increased to 7.750 million. Assuming that the labor force did not increase in 2014, use the Okun’s law and formula predi..
John Paisley is planning to buy a house for $100,000 by borrowing money at the rate of 9%.
What is the equation of the demand curve if consumer incomes are$30,000, the price of good Y is $10, and the price of good Z is $20? Graph the demand curve that you found in (b), showing intercepts and slope. If the price of good X is $15, what is t..
q.assume that the poorest country in the world is democratic republic of the congo and the richest country in the world
Compute the company's total costs, and graph the revenue curve and the total cost curve. Do the curves have the shape you expect. Over what range of production is the company making pro ts.
Elucidate why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money
Describe metrics that you would use to assess the success of any logistics plan involving you as a manufacturer and an internationally based mass merchandiser. Provide support for your selections.
A monopolist faces the inverse demand curve p = 64 - 2q. At what level of output is his total revenue maximized?
Just prior to a professional baseball spring training session, you are asked to assess the probability that a particular baseball team will win the coming World Series. How would you go about making this assessment? In what sense is this assessment ..
Find the Nash Equilibrium of the game and explain why your result is the equilibrium. If the Nash Equilibrium the best outcome for the game? If not, explain how this outcome can be improved.
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