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Explain intuitively why indifference curves as defined, cannot cross. Further, why would an allocation where an indifference curve intersects the budget line be considered inefficient if the indifference curve is not tangent to the budget line at that point?
Consider the Malthusian Growth Model. The production function is Y = LaN 1-a, where L is fixed stock of land, N is current population, and 0
A company has an investment project that would cost $40 million today and yield a payoff of $58 million in 4 years. Should the firm undertake the project
What are some of the tools you can use to tune or correct a Linux filesystem?
A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds. If the bonds are now worth $2.8 million, what rate of return per year did the company make on the basis of (a) simple interest and (b) c..
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
Suppose which in the 1990s, the average retail price of a roll of Kodak film was $6.95 also which Kodak's marginal cost was $3.475 per roll.
The slope of the total product (output) curve is the
show which own-price elasticity of Rohan's Marshallian demand for any good is independent of his income. To show that the income elasticity of his Marshallian demand for any good is equal to 1.
Input a list of positive numbers (terminated by 0) into an array, find the mean (average) of the numbers in the array, and output the result. Use a subprogram to input the numbers, a function to find the mean, and a subprogram to output the result..
Illustrate what will be the long run market equilibrium price also output. Elucidate how many mills of Illustrate what type - new or old - will survive.
Analyse the effects of the following events using the loanable fund market diagram where we have (real) interest rate on the vertical axis and the quantity.
A firm has $2,000,000 in sales, a Lerner index of 0.56, and a marginal cost of $35, and competes against 900 other firms in its relevant market. What price does this firm charge its customers? By what factor does this firm mark up its price over marg..
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