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Question: A consumer has the following utility function: U(x1,x2)=ln(x1)+2*ln(x2), where ‘ln' stands for the natural logarithm. Reminder - the derivate of ln(x1) with respect to x1 is 1/x1.
a. Calculate the demand function for x2.
b. Is x2 normal or inferior? Explain.
Preserved in an economically efficient scenario?
A sample of size 4 is developed from the distribution for R. The values in $ million are: 2.6; 3.0; 3.2; 3.0. If the interest rate is 12% per year, use the sample to calculate the PW values of R that could be included in an eco- nomic evaluation w..
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
There're 10 auto firms in this problem each showing their market share percentage (US auto industry). The proposed merger involves Ford 22% and BMW 1%.
as part of a study for the department of labor statistics you are assigned the task of evaluating the improvement in
What three events through the next three years are going to have the greatest effects the Health Care Market? Speculate on how each of these events will affect both the supply and demand curves for Health Care and the price of Health Care.
Workers can choose to work in two types of jobs: a risky job and a safe job. What is the new equilibrium wage differential? Why?
Miner Sacks 17,000 Workers Over Pay Dispute Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine.
A. What single investment made today earning 15% annual interest will be worth 6,000 at the end of 12 years b.What is the present value of $6000 to be received at the end of 12 years if the discount rate is 15%
The effect may be subtle. For instance, there may be no mention of war, and yet you may recognize possible effects of war within the characters - The Octopus: A Story of California by Frank Norris
the sec regulations require u.s. corporations to publish operating results on a quarterly basis. how does this short
Acme Manufacturing Company is considering purchasing a maintenance contract for its new waste management systems. Acme plans to begin the contract in year 5 and continue through year 10. The cost of the contract is $11,300 per year and increasing by ..
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