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Find the amount of consumer surplus for a linear demand p= 20-2x for p=0 and p= 10
A) What is the maximum and minimum amount of CS a consumer can have for this demand and what are the prices?
B) What is the inverse demand function for good x with the following utility function?
U= 3y + (a/3)x - (b/6)x^2. Given the price of y equal to 3$ per unit
Illustrate which combination of fiscal policy actions would be most contractionary for an economy experiencing severe demand-pull inflation.
Assume that Erin now has preferences such that she prefers the cash gift. Using a separate graph from part (a), graph Erin's optimal choice before and after gift.
In the Soviet Union, especially in the early decades under Lenin and Stalin, the official doctrine was Communism, and the use of incentives was considered a form of treason. One important exception was the military equipment sector, where bonuses wer..
Elucidate how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.
Giving a brief explanation, determine the likely effect of each of the following on the value of GM stock. (Consider each event independent of the others.) The Federal Reserve lowers both the "discount" rate and the Federal Fund rate. The rising unem..
q1. think about the electoral competition model with three candidates. extend the model to incorporate that candidates
A packing company uses two inputs: labor and glue. Suppose the work costs $ 10 / hour (salary) and the glue costs $ 5 / gallon and that the company has a budget of $ 100,000. Draw the line on lined paper isocost for the company. In the same diagram, ..
Travelers driving through Gotham city can use a freeway or cross town toll way to get thru the city. The toll way charges $1.00 per car during the morning rush (6-9AM) and the afternoon rush (4-7PM) and the toll is $0.40 at other times. What are the ..
A monopolist is deciding how to allocate output between two geographically separated markets. What are price, output, prots, marginal revenues, and deadweight loss if. the monopolist can price discriminate? if the law prohibits charging deferent pric..
Use your knowledge of the problems associated with asymmetric information to elucidate why insurance companies often include deductibles as part of their policies.
What is Anna’s optimal choice of comic books and AOG? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis.
One container requires 2 days in fabrication time. Setup times are negligible. If policy variable for unforeseen circumstances is 10 %, how many containers should management authorize for lens replenishment system.
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