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For lunch, Wendy eats only salads or fruit & yogurt smoothies. Her weekly food budget is $48. Each salad costs $6 and each smoothie costs $3.
a. Draw Wendy's budget constraint.
b. What is the opportunity cost of purchasing one more smoothie? What is the opportunity cost of purchasing one more salad?
c. If the price of smoothies doubles to $6, what happens to Wendy's opportunity set?
d. Describe intuitively how Wendy should make the optimal consumption decision.
Consider a hypothetical economy that produces at its long-run macroeconomic equilibrium at a price level of 100.
Suppose you have reduced the average price of a meal to $18 and are considering a further reduction to $16. Another survey shows
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Using the data given in Table 1, calculate the country's gross domestic product (GDP),net domestic product (NDP), gross national product
You own a car dealership in Chicago also are allowing for buying stock also have narrowed your choice to either purchasing stock in the Good Tires Company or American Bus.
a) Calculate the standard error of the proportion of households spending more than $100 per week on groceries (to 4 decimals).
Give two examples of exercises where Monte-Carlo simulation should be performed using the same choice of random numbers, explaining your reasoning in each case.
A perfectly competitive firm's marginal revenue :
Your old roommate is looking for a job in the IT industry and asks you to submit their resume to your company's HR department.
Justify your answer using at least two analytical techniques and presenting the information graphically.
Econometrics of Financial Markets- FIN5EME-La Trobe University-Australia- Discuss the statistics and the nature of the distribution of returns.
What challenges and opportunities could arise from higher and lower degrees of government intervention?
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