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Suppose Ali has 3 pieces of fruit that he wishes to eat. It is known that he likes eating apples the most and then decreasing in order: oranges and mangoes which he likes to eat least. Explain how you would construct a utility scale for these 3 pieces of fruits.
GDP can increase from one year to the next by: Increases in prices while quantities of goods and services are constant. Increases in the quantities of goods and services produced while prices remain constant. Both prices and quantities of goods and s..
What can we expect to happen in the market for personal computers? How do the price and quantity at equilibrium change? Explain verbally and graphically.
Imagine that your supervisor has asked you to join her at a daylong technology seminar where you will help train a group of approximately.
Some say: “It’s not true there are substitutes for anything. If you want omelets, you need eggs. There are no substitutes for eggs in an omelet.” Analyze this argument critically. Use relevant economic concept(s) to justify your answer. (The assertio..
What goods and/or services does this industry provide? Describe any notable trends that you would highlight about this industry.
q.assume that when an economy has a gdp of 500 consumption is 550. the mpc is .75. investment is 25. begin the problem
Draw a market with a negative production externality. What kind of instrument (policy) do you use? What's its magnitude? What does the policy lead agents on both sides of the market to do?
Wilson is offered a job in Kansas City that pays $50,000 and a job in Dallas that pays $60,000. Which pair of CPIs would ensure that the two salaries have the same purchasing power?
Compute the nominal annual interest rate for this loan. What is the effective interest rate?
Movie House is an online seller of DVD's. To buy a DVD from Movie House, a customer must pay a monthly membership fee, plus a price for every DVD bought (this being a two-part tariff pricing scheme). After some market research, Movie House discovers ..
The following questions refer to a capital budgeting problem with six projects represented by binary variables a, b, c, d, e, and f. Write a constraint modeling a situation in which two of the projects 1, 3, 5, and 6 must be undertaken. Write a const..
Jet.com is a Hoboken, NJ based start-up that calls itself the '...online version of Costco". Prior to starting their site in July, Jet had raised $225 million
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