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(a) Determine if the given equation is a supply or demand equation. For a supply equation, find the minimum price for which there will be any supply. For a demand equation, find the maximum possible demand and the maximum price that can be charged.
(b) Plot the graph of the given equation.
Suppose Country A has a GDP of $4 trillion. Residents of this country earn $500 million from assets they own in foreign countries. Residents of foreign countries earn $300 million from assets they own in Country A. Compute: a.Country A's net forei..
i have two goods xb and xw for beer and wine and i need to draw the indifference map and determine the mrs. uxb xw min
U(C,1day-L)=4C2/3(1day-L)1/3, where C is the amount of consumption and L is the number of hours worked. If the price for consumption is $9, the wage rate per hour is $6, initially the consumer had $162 and 24 hours as time endowment;
Keynesian Economics: Suppose the following about the economy of the United States: Government spending = 660, planned investment (Ip) = 215, autonomous consumption is 200, net exports is 100 and taxes are 100. In addition, for each additional $1..
Suppose that the home currency start to appreciate against other currencies, this should the current account balance, other things equal
observational cross-sectional data set that would allow you to answer this question (note that this will probably be a primary data set, that you are responsible for collecting)
With the per-unit prices of broccoli (B) and pork rinds (R) equal to $2 and $1, a consumer, George, with an income of $1,000 purchases 300B and 400R. At that point, the consumer's MRSBR = 3 R/1 B. Does this mean that George is at his optimal point
Where Qt represents the quantity of widgets sold per period t, Pt represents the price of widgets during period t, and Mt represents average household income of customers during period t. You are also given the following information about the regre..
wITH CURRENT TECHNOLOGY, SUPPOSE A FIRM IS PRODUCING 800 MUFFINS DAILY. ALSO ASSUME THAT THE LEAST-COST COMBINATION OF RESOURCES IN PRODUCING THOSE MUFFFINS IS 4 UNITS OF LABOR, 8 UNITS OF LAND, 2 UNITS IF CAPITAL.
A 6 foot man walks away from a light sitting atop a pole 16 feet above ground.
Suppose market demand is given by Q= -200P + 8,000. What will be the short run equilibrium price quantity combination. Suppose everyone starts writing more research papers and the new market demand is given by Q= -200p +10,000.
In Fairbanks, the Alyeska pipeline service Co. purchased 160 acre homestead from pioneer for $1000 an acre and 250,000 for the cabin and garage. A cabin and garage were preserved as an historical property for an additional $80,000 and moved off-si..
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