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Suppose Consumer A has a utility function U(X,Y)= X+3Y. Consumer B's utility function is U(X,Y)= X*Y. Also there are a total of 18 units of good X and 9 total units of good Y. Using the Edgeworth Box, construct a contract curve. (please draw out picture of graph)
View the American Psychological Association (APA) style report (6th edition). Next, review the APA requirements. Then, explain what you believe to be the most challenging aspect of APA formatting.
If Vanessa specializes in ice cream and Sonia specializes in cherry cobblers, total production of ice cream will be quarts of ice cream, and total production of cherry cobblers will be ?? cherry cobbler.
Take into account how productive each is per dollar spent and make up your own example of the balance between the two and how management can best maintain the balance and employee morale at the same time.
Illustrate what is the estimated elasticity of demand for new brand cars with respect to the price of gasoline.
What is te equilibrium? At what price is there neither a shortage nor a surplus? fill in the surplus-shortage column and use it to confirm your answers.
Eluciadte the law of demand. Why does a demand curve slope downward. How is market demand curve derived from individual demand curves.
Who are the winners and losers? What is the size of their gains and losses? What is the net effect on society?
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area? How does the assignment of property rights a..
In supporting your view, please list and define the four (4) key managerial functions and discuss how the theories and concepts of this course have developed your abilities to do economic analysis in relation to these identified key functions of b..
The Mor Tex Company assembles Garments by hand even though a textile machine exists that can assemble garments faster than a human.
Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vot..
Citrus Speculation and Forecasting, Inc., has been recruited by a private consortium of orange growers to predict what will happen to the price and output of oranges under the conditions below.
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