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Chen's preference relation is represented by a utility function u(x1,x2) := (2/3)lnx1 + x2 for any nonnegative consumption bundle (x1,x2). The price of good 1 is $3 and the price of good 2 is $9. Denote m for the amount of income given to Chen. Write down the equation corresponding to Chen's MRS condition. Write down the equation corresponding to Chen's budget line. Calculate Chen's optimal consumption bundle when Chen's income is $30.
The U.S. tax laws provide for the depreciation of equipment based on original cost. Yet owing to substantial inflation, the replacement cost of equipment.
Plot the data on a scattergram with the S&P index on the vertical axis and CPI on the horizontal axis.What can you say about the relationship between the two indexes? What does economic theory have to say about this relationship?
Entrepreneurs shift capital and labor across industries in pursuit of profit. Let's look at this a little more closely. Suppose there are two industries.
To maximize profits, a perfectly competitive firm should produce until: price is greater than average total cost.marginal cost is equal to price. average total cost is minimized. per unit profits are maximized.
If a corporation has a tax credit of $80,000 and its taxable income is $550,000. How much tax do they have to pay based on the tax table in your equation sheet?
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
1 the demand and supply equations in a market are given as q 30 - 2p and q 10 2p. if the government imposes a tax of
Analysis of Contractionay Policy:describe how the assigned policy can be implemented as a contractionary policy;i.e., how its policy instruments are to be adjusted and show the corresponding graphical representations.
Being a student, you probably have well-developed feelings about homework. Given the same amount of material learned, the less the better, right?
Industry Structure and trend and projection for the future [based on the past, mostly]; CR4, CR8 and HHI, specially in cases of mergers.
Use the clues we have given about the British economy to explain the rise and fall of the pound's real effective exchange rate between 1978 and 1984. Pay particular attention to the role of nontradables.
Make an assessment as to whether any of the collaborative models - such as the mega-community model or Friedman's CSR approach offer hope for a better solution.
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