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Complement Utility Function MRS
How do you find the MRS of a utility function describing complement preferences, e.g U=min(3x+y,x+2y)?
How do you go about drawing an indifference for such a utility function?
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
If the price changes above occurred for all goods across the economy during the four year period, elucidate how nominal GDP and real GDP would differ.
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
State are you for or against free trade. Are you for or against NAFTA? What is the economic basis for trade
Assume you received a four percent increase in your nominal salary.
Starting with the reaction functions of duopolists Cournot solution algebraically.
Does the transaction of a buyer also seller directly affect a third party. Is the effect a negative or positive externality.
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Explain whether the evidence above suggests whether the dollar is appreciating or depreciating relative to the Euro. What is your conclusion? Explain how you come to that conclusion.
Which country is likely to receive the most benefit from this increase in investment. Explain your answer.
Explain how does the increase in the after-tax price depend on the price elasticity of demand
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