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If I am given the following functions for supply & demand
Demand: P = 50 -.25Q
Supply: P = 0.1Q
What would the competitive market equilibrium be if the government imposes a subsidy of $6.
An investor has utility for money given by U(m) = . He has three investment opportunities: I1 pays $100 with certainty, I2 pays $120 and $80 with equal probability and I3 pays $150 and $30 with equal probability. Which one should he choose? Would you..
q1. illustrate which country has the most fundamentally sound monetary policy?q2. insurance agents receive a commission
What made up the colonial money supply? Was there a serious shortage of money in the colonies?
In the 1990s, U.S. wine producers "were encouraged by the changing social role of their product." Specifically, the U.S. consumer had become much more attuned to wine. How did the growing acceptance of wine by consumers affect their indifference curv..
Discuss how an economy can enjoy the gain from increased productivity without fear of increased unemployment? Can we have it both ways?
One of the most debated areas in economics is balancing the budget. The major contention is on the timing of the policy. If the government were to operate under a strict balanced-budget rule, what do you think would it have to do in a recession? Shou..
Farmers can plant either corn or soybeans in their fields. Suppose that a new technology for converting corn into liquid fuel increases the demand for corn. Which of the following is most likely to? occur?
Suppose that Drexenture, a new consulting company, has the following production function: q=2c+4e+.5c*e where q is the number of reports produced, c denotes the number of fresh college graduates, and e denotes the number of experienced consultants. W..
Find internal rate of return to nearest whole percentage point. Oak Furnishings is considering a project that has an up-front cost.
Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly successful then the agent earns $10000. Calculate the expected utility of the ..
Donald is a civil engineer with an annual salary of $98,000. He has dividends and interest of $7500 for the year. Total exemptions and deductions are $10,500. Calculate federal income taxes as a person filing single.
Draw the supply and demand curves on the same diagram. Determine the equilibrium price and quantity and demonstrate it in your graph. Calculate the ARC elasticity of demand when the price move from $6 to$10
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