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Victor Finick likes to have the same amount of x as he has of y. His utility function is U(x, y) = min{2x- y, 2y- x}. a. Draw the indifference curve for Victor that passes through the bundle (0, 0) and the indifference curve that passes through (4, 4). (Hint: Each indifference curve is the intersection of two line segments.) b. Does Victor always prefer more of either good to less?
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of this type of site visitor.
Macroeconomics questions, discuss the short-run and long-run effects, Keynesian model, Distinguish between ongoing demand pull and ongoing cost push inflation.
How would the four basic markets of the macro model (Aggregate Demand and Supply, Long Run Supply, Labor, Credit or Money, Capital change) change in response to the catastrophe in japan. Most importantly, how would the lines and curves in each mar..
Ellucidate why is it that wages are not dropping instead they are inching upward on a year to year basis.
The entrant and incumbent both only care about their own monetary payoff, what is/are the game's Nash equilibrium.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
suppose a consumer derives utility from consuming two goods x1 and x2. her utility function is given as u x1 y1 8
Elucidate if you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate.
consider an economy in whichc250.75y-t i 100-5r and g t 100.here r denotes the real interest rate prices are sticky
Describe the effect of such clauses on both the government, and other customers, noting, inter alia, the effect on the selling firmâ.
The marginal propensity to consume and the marginal income tax rate are 0.9 and 1/3, respectively. The budget deficit is observed to increase by 90.
What is the duration of this loan? What is the duration of a five-year, $1,000 Treasury bond with a 10 percent semiannual coupon selling at par? Selling with a yield to maturity of 12 percent?
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