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Emmanuel has K100 to spend on Fanta and doughnut. Fanta and doughnut each cost K5 respectively. Assume Fanta=good Y and doughnut=good X.
a) Write the equation of the budget constraint faced by Emmanuel.
b) What does the budget constraint in (a) represent?
c) Interpret the slope of the budget constraint.
(a). If the sample size is n =64, find the mean and standard deviation of the distribution of sample means.
Why are cartels difficult to maintain? What is needed for predatory pricing to succeed in increasing long run profits? Consider the following game in which two players simultaneously decide whether to adopt technology A or adopt technology B. If the ..
A long the long-run supply curve of an increasing-cost industry that is characterized by perfect competition, all of the following can vary except. For the case of an increasing-cost industry, supply is
Which distribution of income is more unequal?: Which country has a more UNEQUAL distribution of wealth, Lower Slobovia or Upper Vulcania?
In many states, including Florida, it is illegal to engage in price gouging. Florida’s law penalizes a seller for any “gross disparity between the quoted price of a ‘necessity item’ such as water, and the item’s price on the date that the governor de..
A nation using union labor monopolies to produce a product can export its surplus at a lower global price to those nations that are more efficient producers of the same product and as a result make the consumers in the exporting nations better off. F..
a) What are the effect of a fall in the cash rate on consumption, investment and net exports?
"Politics is too often the thing that gets in the way of good economic policy being implimented" The economist who said this most likely. The lower the market price of water, the ___________ the ____________ surplus.
The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers.
You will explain the causes of income inequality in the U.S. and demonstrate the problems associated with measuring income inequalities. Analysis of income distribution data does not lead all economists to the same positive or normative conclusions. ..
Looking at Latin America what is one country you would pressure and one you would avoid avoid as an healthcare executive looking to invest.
q.the economic analysis division of mapco enterprises has estimated the demand function for its line of weed trimmers
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