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What is a budget constraint? How does a budget constraint explain consumer choices when used in conjunction with indifference curves? Explain what happens if a household looses half of their income, using a budget constraint and indifference curves in your discussion.
Melinda Gibbs would like for her descendants to be able draw $40,000 every year forever starting 30 years from now. She has found an investment that will provide her a guaranteed 10% return forever. To fund the withdrawals, she will make ten equa..
Impact of technology advance a monopolist has the following demand function: Solve for the price and quantity that the monopolist would choose to minimize its profit. And also calculate the resulting profit.
Assume that the government of a nation rations the crude oil available to car owners each month which reduces the overall demand for petroleum. However, the nation continues to import oil from the world market.
Assuming that the merger faces some threats and that the steel industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects.
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..
Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range.
If a bank manager was quite certain that interest rates were going to rise within the next six months, how should the bank manager adjust the bank"s six-month repricing gap to take advantage of this anticipated rise?
What is the point estimate of the population proportion? b. What is the point estimate of the population variance? c. Write a 95% confidence interval for the population proportion (? = .05).d. Will the bond proposal be approved with a 95% confidence?..
According to CPI's estimation and in context of valuation of the major consumer products firms, do you believe analysts think the company is undervalued?
Many cities regulate taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab, where enforcement officials can easily see it.
If the demand schedule may be written P = 100 - 4Q, and the supply schedule P = 40 + 2Q, then what is the market clearing price and quantity?
Prepare a table/graph for inflation in "your country" (use North Korea for the country; if no data is available, use India) for about the latest ten year period for which you have data.
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