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Question: Max has the utility function U(x, y) x(y 1). The price of x is $2 and the price of y is $1. Income is $10.
How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max's demand for both goods double?
Governments often claim that they impose high taxes on cigarettes because smoking is bad for your health. They claim that the high taxes are intende
The problem belongs to Economics, Micro-economics and it is explain the problem about Coke being a monopolist and does it engage in price discrimination and the type of price discrimination that coke is engaged in the answer.
Many states provide firms with an "investment tax credit" that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs. Critics have argued that if there are strong factor
What is the total change in Bank of America's assets and liabilities
A 2000-gallon metal tank to store hazardous materials was bought 15 years ago at cost of $100,000. What will a 5,000-gallon tank cost today if the power-sizing.
Identify whether the copy center is facing a cost-push or demand-pull inflation and provide a rationale for your answer. Suggest a policy that could help the business in the short run and long run.
Why would developed nations try to coordinate their macroeconomic policies? Provide at least 3 reasons and explain each of them in detail.
If Milk has an inelastic demand, and beef has an elastic demand and the supply of both beef cattle and dairy cattle goes down then the change
What is aggregate demand? What are its components? Why is the aggregate demand curve downward sloping? What shifts the aggregate demand curve?
Describe any shifts to the supply and demand curves and make any predictions related to the prices of organic foods in the near future.
Explain you company's productivity, efficiency, and output. For profit organization therefore the organization very profitable. What are the trends in your industry. Explain the information technology externalities.
What are the likely effects of the policy for your selected industry? Will the policy be beneficial to the industry? Will it cause costs to rise? Reduce or increase demand? Include charts and graphs to illustrate your claims where appropriate.
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