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Question: For Bachelorette Ashlee, shampoo and conditioner are perfect complements. She likes to use 1 squirt of shampoo and 1 squirt of conditioner each time she washes her hair.
Draw a set of indifference curves for Ashlee that illustrate the utility she derives from using shampoo and conditioner.
Assume that shampoo costs $4 and conditioner costs $2. Construct a budget constraint for Ashlee and describe her purchasing habits. What is her optimal bundle likely to look like? (Hint: Assume some level of income
for Ashlee.)c. Suppose that prices change so that shampoo costs $2 and conditioner costs
$4. What is likely to happen to Ashlee's optimal bundle as a result?
Explain.d. How would you answer to (c) change if Ashlee used 2 squirts of shampoo and 1 squirt of conditioner each time she washed her hair?
hannah and her employer both expected inflation to be 3% between 2010 and 2011, so they agreed in a two year contract $12.00 an hour in 2010 and $12.36 per hour in 2011. However suppose inflation between 2010 and 2011 was only 2% not 3%.
Dividends $1.12 and the multiple is 15 show mathematically. Explain how long Gina has to hold the stock to justify its multiple.
let f(x) = ( x^3/5000)(10 - x) and x be a variable contained in the interval [0,10] and f(x) = 0 for any other value of x. a. Prove that f(x) is probability density function. b. Find its cumulative distribution function. c. find p(1
A monopolist's demand curve is P = 100-Q and the total cost curve is TC = 16 + Q^2. The associated marginal cost curve is MC = 2Q. What is the profit maximizing quantity and price, and what will be the economic profit?
Take the following information as given for a small, imaginary economy: - When income is $10,000, consumption spending is $6,500 - When income is $11,000, consumption spending is $7,300
Your method should count the number of words in the sentence that meet or exceedminLength (in letters). For example, if the minimum length given is 4, your program should only count words that are at least 4 letters long.
A seller uses a second-price sealed-bid auction to sell a painting to two bidders. The seller claims that the painting was drawn by a famous painter, say Monet. Both bidders are not sure about the seller's claim
What is the productivity growth in this economy? If you had lacked information on growth in the quality of the labor force, and you had therefore assumed that labor quality was not changing (i.e., that h'= 0.0), how would your answer to part (c) ha..
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
a) A small economy starts the year with $1 million in capital. During the course of the year, gross investment is $150,000 and depreciation is $50,000.
1. Suppose the price of a bond is initially $900 but increases to $950. What is happening to the interest rate on that bond?
ECON 104 University of Wisconsin, Eau Claire What quantities of bonds does the Fed need to buy or sell initially to accomplish the goal? (Show your work)
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