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Cary has the following utility function: U(X,Y)=10x^2y where X is her consumption of Blu-ray disks with a price of $40 and Y is her consumption of DVDS with a price of $10. She has $900 with which to spend on the two goods. Determine the number of Blu-ray disks and DVDs that will maximize Cary's utility. Cary maximizes utility when she consumes ___ Blu-ray disks and ___ DVDs?
Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this. Illustrate what are the principal differences between flexible and fixed exchange systems.
Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?
Explain how can each of the 10 principles be applied in an example or experience with which you are familiar. How do you intend to use your newfound knowledge in future economic decisions.
As weekend prices skyrocket more people will play golf during the week and eventually the weekend prices will drop and weekday prices. Differentiate among weekday and weekend prices.
Suppose there is an early freeze in California that reduces the size of the lemon crop. Elucidate what happens to consumer surplus in the market for lemons.
Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?
Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
Substantially dependent on minimally dependent on totally dependent on independent of
The anticipated capacity factor is 70 percent also the price for selling power will not escalate. The operational life of the plant is 40 years also the salvage value negligible.
Illustrate the perfectly competitive market for root beer in chaseystan has achieved long run equilibrium.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
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