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A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving
A. The marginal utility she gets from good X declines.
B. The marginal utility she gets from good Y declines.
C. The marginal utility she gets from good X increases.
D. The price ratio changes.
A business in a monopolistically competitive industry...
Consider the case of extremity selection, where both the most skilled and the least skilled from a source country choose to migrate. In the Roy Model, what must the graph of the return to skill on the two countries look like to generate this scenario..
How businesses are affected by unemployment? What is full employment? What is inflation? If the economy is experiencing inflation, how will it affect an individual or household? What are the two main types of inflation?
Milk is a commodity is it a necessity or a luxury product. Evalute the availability of its substitutes for the product. Explain how the necessity of a good and the availability of substitutes impact the elsticity of the product.
A $1000, 9.50% semi annual bond is purchased for $1010. If the bond is sold at the end of three years and six interest payments, what should the selling price be to yield a 10% return on the investment?
In a two firm market, let the total cost of producing a product be 2Qi, the inverse market demand be given by the function P = 20 - Q and the market quantity be equal to Q = Q1+Q2. Assume firms compete in quantities, what is the quantity for firm 1 t..
Why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal amount.
q1. explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of
Explain your answer the economy experiences an unexpected recession; the price of Good Z increases. The price of Good Y increases; the price of Good Z increases.
q.macro-economics is perhaps most divisive area of economics when functionalized to political decision making also
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
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