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Derive the demand curve good X for the utility function U=X3Y4. Show your work.
Interpret these results. Is profit per employee much sensitive to industry-specific or firm-specific factors for this sample of giant corporations.
By itself, the upstream manufacturer cannot implement a price discrimination scheme against downstream consumers because downstream retailers can defeat it. To see this, suppose that home gardeners and farmers both use the same herbicide. Suppose the..
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
Find an article on firm's production and cost from a major news media by providing title, date, source and summary of the article. Explain how this article relates to firm production and cost.
What is total cost of saving water. Illustrate what is marginal cost saving 1 meter cubic of water.
Larry earns $25,000 and pays $2,500 in tax, while Suzy earns $50,000 and pays $15,000 in tax. If Larry's income increases by $100, his tax increases by $12, but if Suzy's income increase by $100, her tax increases by $35. Calculate the average tax ra..
Suppose that the latest Consumer Price Index (CPI) release shows a higher inflation rate in the U.S. than was expected. Everything else held constant, the release of the CPI report would immediately cause the demand for U.S. assets to ________ and th..
In the Tragedy of the Commons, Hardin argues that the absence of property rights leads to the over-exploitation of natural resources. Explain how might the ever-decreasing cost of launching objects into Earth orbit lead to a Commons problem?
Discuss the structure of non-point-source (NPS) pollution and economic policies that can be more or less effective in reducing it. In particular discuss the application of the rule that “marginal abatement cost should equal marginal benefits from aba..
A 100 KM toll way costs $5M per km to build. The bonds are for 20 years and pay 10 percent per year [(A/P, 10%,20) = 0.1175]. If annual maintenance costs are $1000 per km, and 20000 vehicles use the toll away every day, what toll needs to be charged ..
Suppose you are a member of the FOMC and the U.S. economy is entering a recession. Write a directive (3 typed pages) to the committee about the conduct of monetary policy over the next two months. Your directive may address a target for the rate of g..
Consider data on U.S. refrigerator sales from 2009. the market shares of the top 4 firms was 12% for Sears, 9% for lowes. 5% for walmart and 3.5% for home depot. firms 5 through 25 combined summed to 20.5 % and all other independents outside the top ..
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