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Explain what you would rather maximize, your total or marginal utility. Analyze how you would focus on your utility in making consumption decisions.
Why do Senior citizens pay less than everyone else for admission to a movie, but pay the same as everyone else for movie-popcorn?
Suppose that excess reserves in the Stranda National Bank are $15,000 and the reserve requirement is 4 percent. Illustrate about the maximum amount that the money supply can be increased is.
If the government wants to contract aggregate demand, it can ________ government purchases or ________ taxes.
1. Louisa short sold 700 shares of Celpa stock at $35 a share at an initial margin of 55 percent. The maintenance margin is 30 percent.
The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.
Which of the following are counted in this year's GDP? Explain your answer in each case. a). Flashy Car Company sold a used car. b). Juanita Jones cooked meals for her family. A retired worker receives a Social Security payment.
Suppose the market for a certain dosage of generic blood thinners has a supply described by P=1.88+2.62Q and a demand described by P=4.74-1.39Q. Calculate the equilibrium quantity?
The American supply and demand curves for potatoes cross at $5 a pound, but potatoes are available in any quantity from abroad at $2 a pound. Each week, American sellers produce 500 pounds of potatoes and American buyers purchase a total of 1,200 pou..
The initial cost of machinery for producing a certain item is $50,000. The machinery will have a five-year life with no salvage value. The manufacturing process has a fixed cost of $5,000 per year and a variable cost of $16 per unit. At an interest r..
Tracy is a marketing manager at humbert and humbert literary works. She has estimated that the likely demand for a new novel is well represented by equations Qd=10,000- 400(p) +10,000 x D + A/10. Qd is the number of books sold.
The version of Okun’s law assumes that with no change in unemployment, real GDP (RGDP) normally grows by 3 percent over a year. If RGDP last year was $12,375 and the unemployment rate fell by 1 percentage point from last year to this year, what would..
You would like to retire 30 years from now. You will deposit an equal amount of money every month for the next 20 years into a retirement account that pays 6% nominal interest compounded monthly. You have decided that the total amount you will need..
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