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A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function:
u( \(x_{1} , x_{2}\) ) = min{ \(2x_{1} + x_{2} ; x_{1} + x_{2}\) }
Draw the indifference curve for U = 20.
For what values of p1/p2 will the optimum be \(x_{1} = 0\)
If neither x1 and x2 is equal to zero and the optimum is unique, what must be the value of x1/x2?
What is the probability that an individual drawn from this distribution holds public health insurance? What type of probability is this?
Huang Industries is planning a proposed project whose estimated NPV is twelve million dollar. This estimate suppose that economic situations will be average.
Suppose you have been recently employed as manager of a restaurant and a very important credit card firm offers you a deal that is supposed to raise your sales.
We have three variables, Information is 2000-2005. I use OLS to Determine the model and get a standard result.
Determine the economic activity that takes place in Underground Economy have any impact upon any Economic Indicator.
a) Use exponential smoothing with a smoothing constant of .6 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2. b) Use exponential smoothing with a smoothing constant of .3 to produce forecasts from the data. Use ..
The information in the table given below are the results of a random sample of current home sales in your neighborhood that your boss has asked you to use to estimate relationship in selling price of house and number of square feet in it.
Determine algebraically the profit-maximizing outputs for the production and marketing divisions of the firm and the optimal transfer price for the intermediate product and the price of the final product.
The price earnings ratio for each stock is determined through dividing the value of a share of stock by the earnings per share reported by the firm for the most recent 4-quarters.
Use a Keynesian 45-degree diagram to show the effect of an increase in government spending and how could a reduction in tax rates increase government's tax receipts?
In 1984, Walt Disney brought in Michael Eisner, a Paramount executive as CEO. The firm's board of directors agreed to pay Eisner a salary of $750,000 plus a $750,000 bonus for signing on, plus an annual bonus equal to 2 percent of the dollar amoun..
Suppose that the home currency start to appreciate against other currencies, this should the current account balance, other things equal
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