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Given the utility function:U = X 3/4 1/4. Y
Estimate the demand functions of commodity X and commodity Y using Lagrange method, if it is given that price of X is Px and price of Y is Py and Income is M.
Explain who is responsible for assessing property values? How often are assessments redone? What assessment ratio is used?
How does income inequality affect economic growth? How can economic policies change the distribution of income in our country?
Why producers advertise for their product, explain using the Elasticity concept. You must defend your answer and provide economically sound quality answer.
read the article as below and answer below question answer only address what being asked do not add own event or think
a firm in a market characterized by many buyers and one seller. MC represents the initial marginal cost, MR the initial marginal revenue, and D the initial demand curve of the firm in equilibrium.
Discuss how changing tax rates affect consumption spending and aggregate. Provide an example not in the textbook to illustrate your answer.
In a competitive market, a single firm is only one of the many sellers producing and selling exactly the same product. The demand curve facing a firm exhibits perfectly elastic demand.
Using an IS-LM model, under a flexible exchange rate regime, show how the domestic economy reacts to a decrease in foreign income. Is there a real response in the economy in terms of output levels?
For this statement to be true, identify what the elasticity of supply would have to be and explain why. In addition, predict what the elasticity of supply would have to be for a food stamp program to increase the availability of food to the poor w..
A discriminating monopolist faces the demand schedule Pmkt=225-Q and MC=125
A student goes to a Libia University and ask whether his registration has been done or not. The manager offers a job which will tell whether one is selected for the particular course or not. You have been recruited for that job. Make a program whi..
Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.
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