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Identify the economic meaning of each of the choice pointsa) : A, B, C, D, and E.
b) What is the opportunity cost of a brand name drug?
c) If the consumer spends $1000 on drugs for the week
i. What is the price of a generic drug?
ii. What is the price of a brand name drug?
iii. illustrate the customer budget lines if the price of brand name drug double
Assume that Indonesia is a small open economy. Explain how a decrease in the level of taxes (T ∗ ) in the rest of the world affects the world interest rate, the Indonesian interest rate, level of investment, net exports and net capital outflows in In..
If sample mean is 65, S=23 and n=64, and assuming that the population is normally distributed, construct a 95% confidence interval estimate of the population mean.
assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utily was derived from eating three pieces of candy?
Derive the supply curve for this individual firm. If market price is equal to p=50 what quantity would be supplied? There are only 10 firms in the market. Derive market supply curve. Assume demand is given by: P=100-Q. What would be the equilibrium p..
Consider a consumer who spends all of her income on two goods. Prove that it is impossible for both goods to be inferior for this individual. (Suppose the assertion is not true. Write algebraically what this means, and derive a contradiction by using..
What is a rating transitions matrix? You may find it useful to assume there are just two different ratings, say, A and B
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
What will happen to price of old car taken as an inferior goods whose substitute is new car if income of the people rises.
What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?
q1. a. distinguish between monetary policy instruments and monetary policy tools.b. describe any two key tools of
Find out the optimal price-quantity if the firm can price discriminate but cannot charge a two part tariff.
In 1986, the US congress enacted a rule that required railroads to disclose all their contractual terms with grain shippers. The result was that railroad shipping rates fell for routes where there was substantial competition with barges, but railroad..
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