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Find the marginal utility functions of the following utility functions:
Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility?
1. u(x,y) = 3x + 2y
2. u(F,C) = 10FC
3. u(F,C) = .2F2C2
4. u(x,y) = (XY)1/2
Elucidate in Olipolistic terms, and with graphs, what is really happening. Shoud the US anti-trust laws be invoked in industries like this.
You must select between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 A year for training, but you will get $15,00 grant.
As in the case of oligopoly markets, rivals may select to compete aggressively, non-aggressively or in non-price dimensions.
Canada, the US and Mexico are clearly separate countries. Does this information alone imply a lower standard of living in each of three nations compared to the condition where they are united into a single new country?
Explain the reasons behind that why a currency undergoes a significant depreciation and what were important characteristics of Asian countries involved in the crisis?
Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.
Illustrate what effect would a period of rapid inflation likely have on the role of money.
Elucidate why relatively flat as opposite relatively steep labor demand curves are more consistent.
If the policy interest rate is near zero, what less conventional monetary policy tools might a central bank use to stimulate the economy? How do these tools work? In what way is central banking in the euro-zone area different from or similar to th..
Explain how will these events impact the equilibrium price and quantity of generic soft drinks.
Illustrate what specific actions could you take in the future when choosing stock investments to reduce risk and increase the reward in your portfolio.
Determine which of the following is not one of the basic preconditions for economic growth?
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