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Suppose Joe's utility for lobster (L) and soda (S) can be represented as U = L0.5 S0.5. Joe walks into a restaurant with $72. Lobsters cost $18 each and sodas cost $2 each. How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)
What have you done to ensure that you have a diversified portfolio of stock? What have you done to reduce market risk?
1. discuss the small-country case of tariffs using partial equilibrium analysis.2. suppose the free trade market price
The ideas of he Law of Demand, as applied to electric cars, assumes which of he following to constant?
In forecasting, MacDonald's Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; y=a+bx. Where 'y' represents the number of sales and 'a' is the number they s..
What will be the impact of this act on employment in the coming years? As a student of economics, give 5 steps as a "suggestion plan" to sustain economic growth
Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. T..
if the economy faces a recession what type of policy should the federal reserve bank employ? specifically what must
Would the company's R&D employees learn to appreciate the possibility that ideas from external environments could enrich and inspire internal research, thereby avoiding the "not invented here" syndrome?
What are the practical importance of income elasticity of demand?
suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth What groups in society would benefit from this change what groups might be hurt
If the price of processor chips used in manufacturing personalcomputers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
An article in the Wall Street Journal reported that: "Moody's Investors Service on Monday warned that losses from the subsidy could threaten Thailand's stable Baa1 rating." What is Moody's top bond rating? Why might Thailand not have received this ..
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