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For each of the following utility functions,
(a) U(X,Y ) = XY^2
(b) U(X,Y ) = XY + 10Y
(c) U(X,Y ) = X^2 + Y^2
What would account for the difference? Give an example of a specific brand for each type of car.
Some ethicists argue that we should endorse a moderate ethical-egoism. They have given some surprisingly plausible arguments for their claim.
Increases in productivity due to the large scale adoption of information technology will:
Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Supposethat there are two countries: France and Brazil. France is capital abundant andBrazil is labo..
Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions, by how much should the government increase /decrease its lump-sum taxes? Assume the price level is fixed.
What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?
Which of the following statement is true concerning a 2x2 game matrix in which every cell has different paryoffs (the are no "ties") ?
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
Illustrate why did official money lose its meaning in Germany during the 1920s. What did the German government do or not do.
Discuss the effect that an increase in interest rates will have on financial stability of the company, the common stock of the company, and the bond issues in the marketplace.
The CEO of a business bases its pricing decisions solely on the fact that inflation last year was 2%. Is this an example of rational expectations?
Suppose that Simone makes a new cash deposit of $85,000 at her bank.
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