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Do you ever purchase anything irrationally? if so, what are they and why your behavior was irrational?
Harry purchases butterbeer (B) and chocolate frogs (C) and has the following utility function:U(B,C) = min(4B, C). He has $360 to spend on butterbeer and chocolate frogs. Suppose that the price ofbutterbeer is $4 per bottle and the price of chocolate..
Are there any substitution effect or income effect. Make sure you draw two figures, one for the borrowers and one for the lenders.
Why do upper socioeconomic status and lower socioeconomic status class individuals behave unethically?
When the price of SuperSparkle Toothpaste increases by 5%, the quantity demanded for SuperSparkle Toothpaste decreases by 20%. Calculate the price elasticity of demand for SuperSparkle toothpaste. Why does demand curve shift (left/decrease or right/i..
Given that we have learned the different variants of the Phillips curve (Original Phillips curve, modified Phillips curve and the other mutations
Illustrate what determines whether or not economic efficiency is achieved. What determines whether or not economic efficiency is achieved.
How does oligopoly and game theory potentially affect business?
Discuss how economic evaluations and health policy are related. Provide recent examples.
Always Round Tire finds that their demand curve is P = 50 - .02 Q (note: Marginal Revenue has twice the slope as the demand curve). What price and quantity combination will maximize the firm's revenue? What are the total revenue and price elasticity ..
uppose a firm is operating under a competitive market conditions and going price for its product is $260. Illustrate what is firm's profit maximizing output. Explain how much profit will firm make.
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral? Discuss your answer.
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