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Q1. I can't seem to figure out how to calculate. If you given the amount of money an individual will earn during their lifetime, and then you are asked to calculate their budget line for their consumption for while they are working and when they retired assuming consumption is for normal goods only, and that 100% interest is being obtained during the working life, how do you graph that without knowing more information.
Q2. Four different ferries are being considered to replace the existing ferry. The options are different ferries are being considered Present worth (in millions) of social benefits and costs are presented. Which ferry should be chosen?
Coke could have followed the price per unit down, but it didn't. Total soft drink demand increased, and Pepsi took a larger share of the demand.
The trade or business of manufacturing dolls and accessories
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
Economists argue that the move from barter to money increased trade and production. How is this possible.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Prepare a recommendation for each company. Should your recommendations be the same for both companies
A pharmaceutical firm faces monthly demands in the U.S. and Mexican markets for one of its patented drugs.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
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