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Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular day, he is willing to pay $0.95 for the first can, $0.80 for the second can, $0.60 for the third can, and $0.40 for the fourth can. Assume Abraham is rational in deciding how many cans to buy. His consumer surplus is
a. $0.50.
b. $0.70.
c. $0.60.
d. $1.00.
When a process ?rst starts execution, how would you characterize the page-fault rate? Once the working set for a process is loaded into memory, how would you characterize the page-fault rate?
What is the term for instruments provided by nature or people that are used to create goods and services?
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
Antitrust authorities at the Federal Trade Commission are reviewing your company's recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
Determine what impact will an unanticipated rasie in the money supply have on the real interest price, real output, and employment in the short run?
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
What is the money one makes off of the product. An entrepreneur hopes that the cost to make the product is little and the price he sells it for is high.
Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand
If the transaction is included, determine which component of final expenditure it represents. If the transaction is excluded, explain why - Calculate nominal GDP in years one and two and calculate real GDP in years one and two assuming that year o..
Solve for the intertemporal consumptions that maximize utility. Illustrateyour results using a carefullty labelled diagram. What is theutility level of the agent at the optimum. Explain why this is likeconsuming a cake on a desert island.
a malibu boat will cost 32500 when purchased. gasoline and maintenance will approximately cost 25hour and equipment
Assume that initially the price is $50 in a perfectly competitive market. Company are making zero economic profits.
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