Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The coke machine requires exact change- Two quarters and a dime. No other combination of coins will make anything come out of the machine. No stores are open where he can make change. Mike will buy as many soft drinks as he can with whatever change he has the more soda he can buy, the better. Consider Mike's preferences for quarters and dimes.
a. Draw a graph that illustrates all the combinations of quarters and dimes that Mike will treat as indifferent to having 2 quarters and 1 dime. Then draw another graph illustrating all the combinations of bundles and dimes that Mike treats as indifferent to having 4 quarters and 2 dimes.
b. Does Mike have conver preferences for quarters and dimes?
c. Does Mike always prefer more of both kinds of money to less?
d. If Mike where holding 7 quarters and 2 dimes, how many dimes would you have to give him to give up one quarters? Explain your reasoning.
e. If Mike where holding 2 quarters and 2 dimes how many dimes would you have to give him to give up one quarter? Explain your reasoning.
q.use the classical is-lm model for two countries to analyze the idea that the united states became a relatively more
The Australian government administers two programs that affect the market for cigarettes
William owns just one ship. Ship is worth 200 million dollars. The probability the sink will ship is .02. His total wealth including the value of the ship is 225 million. U(W) is equal to the squre root of W. What is the maximum amount that william w..
An increase in the reserve requirement would:
What effectiveness of monetary policy depends on how easy it is for changes in money supply to change interest rates.
If you were the leader of your country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?
Suppose the following table reflects the domestic supply and demand for compact discs (CD’s). Now suppose that foreigners enter the market, offering to sell an unlimited supply of CD’s for $6 apiece. Illustrate and identify.
In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs
A large percentage of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000. What would happen to South Africa’s profit if it increased its production by 1,000 while R..
Your firm is considering the purchase of a machine that costs $75,000. It will be used for six years, and will have zero salvage value at the end of the sixth year. The firm’s combined state and federal tax rate is 40% and its after-tax MARR is 12%. ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd