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a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritoes she consumes.
b.) why can't all goods be inferioir?
The percentage change in the number of trips in central London gives you one of the numbers you need to calculate an estimate of the elasticity of demand. The other number you need is the percentage change in the price a driver pays for driving in..
Illustrate what are economic influences which affect the organization in a negative way.
The demand for a shake at a Juice Shop can be described by the equation: Q=1000-240P+80N, where Q denotes the number of shakes sold every day,
explain international trade wars can take place and competition among nations is reduced.
fall in demand, high unemployment etc but how can I understand the similarities (or differences) more deeply? Can you help explain.
Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household?
The Federal Reserve buy $1 million in United State Treasury Bonds from a bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 15%,
Employment also labor law influences as the organization grows both domestically and internationally
Illustrate what is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
How would you compare this case to the so called "prisoner's dilemma" case and how would you compare this case to the so called "Nash Equilibrium"? Explain the difference between this case and Nash Equilibrium clearly.
Explain how would you classify the product in terms of it's income elasticity.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
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