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Rhoda Dendron has $96 to spend on compact discs (cds) and movies. The price of movies is $8. The price of cds is $16. Both goods are normal goods.
1- Draw three of her indifference curves; they should indicate utility levels of 100, 200, and 300.
What is the Relevant Market?
Many colleges sell special cards that students can use to purchase everything from textbooks or meals in the cafeteria to use of washing machines in the dorm. Students deposit money in their cards; as they use their cards for purchases.
An engineering practitioner can lease a fully equipped computer and color printer system for$800 per month or purchase one for $8500 now and pay a $75 per month maintenance fee. If the nominal interest rate is 15% per year.
How and why the U.Ss deficit, surplus and debt have an effect on the Tax payers
The government sets a tariff of 5 dollars per unit, and a quota of 5 units. That is, at most only five units of the good can be imported, and importers will have to pay 5 dollars for each unit they import. What is the producer's surplus in this ma..
Suppose that A = 50 and β = 4. Find the optimal capacity, peak price, and off-peak price. (b) Suppose that A = 90 and β = 8. Find the optimal capacity, peak price, and off-peak price.
Explain how country A with comparative advantage in boot making and country B with comparative advantage in wine making can gain from trade with each other. Include in your explanation from where the gains are coming.
Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Calculate the six firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry
What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of 5 years if the opportunity cost (interest rate) of using funds is 8 %?
Sam is given a free ticket to see Coldplay Saturday night. He already has a ticket to see Sting in concert that night. The Sting ticket cost Sam $50 though he would have paid as much as $80 to go to the show. Sam knows that he can easily sell the Sti..
Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,000 units to 1,700 units.
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