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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
Audio engineer quit job & gave up salary of $175,000 per year to start own business. Partial income statement listed below:
What factors amount for the rapid growth of the world trade since the second world war? Who are the major players in international trade today? Besides China and Japan, what other Asisan nations play signifcant roles in international trade?
Suppose the price of food increases from Px1to Px2. On a clearly labelled graph, illustrate the income and substitution effects of the price change on the consumption of food.
consider the following keynesian closed economy model.real money demand l 0.2y - 200rfull-employment equilibrium
Identify how interest rates affect the cost of operating the business-Explain how business planning and operations are dependent on monetary variables other than interest rates
Tangible would be the treatments themselves, i.e. the alterations they make. Intangible would be the uplifting experience, the sense of well-being, increased confidence etc.
Assume that Nancy Pelosi declares that clay fire pits are causing global warming, and demand for fire pits shrinks substantially in the U.S.
Explain the relationship between savings and investment as well asthe relationship between private savings and government savings.What are the implications of the current saving behavior ofAmericans on financing domestic investment and on GDP
1.find a recent january 2012-march 2012 money and banking related article in the media the economist globe and mail
How does the money multiplier change when the nonbank public decides to hold more currency relative to deposits?
Calculate how much higher U.S. labor productivity will be in the year 2028 (relative to 2008) if productivity growth falls to 1.4 percent per year, its average rate during the period 1973-1995.
Calculate the Marginal Propensity to Consume - Furthermore you know that the marginal propensity to save (MPS)equals 0.4
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