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In an edgeworthbox of an economy, do the following
1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium.
2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist.
3- repeat (1) and (2), but this time assume preferences are not continuous.
suppose that dent carrs long-run total cost of reparing s cars per week is cs 2s2 50. if the price he receives for
Evaulate the price elasticity of demand for subway rides. The subway fare in your town has just been increased from the current level of 50 cents to $1.00 per ride.
Draw a production possibilities curve (PPC) with an aggregate measure of medical services Q, on the horizontal axis and an aggregate measure of all other goods and services, Z on the vertical axis. Discuss the implications of the following changes on..
What is the equilibrium price and quantity for oven mittens? Using Microsoft Excel, construct a table that shows the quantity demanded, the quantity supplied, and the surplus or shortage associated with prices from $2 to $5.55.
Suppose that the rate of depreciation as well as the rate of saving are each .10. Also assume that there is no technological nor population growth.
The country of Middle Terra has 200 people, 100 of them are working, and the real GDP is $5,000. If 50 refugees from Low Terra are arriving; all of them are hard workers, so they are allowed to work. As a result the real GDP is increasing by $1,000. ..
Consider the two-period consumption model of borrowing and saving. Suppose Claire has an income of m1 today and m2 a year from now and can borrow and lend at the interest rate r. She chooses consumption levels c1 and c2 given her well-behaved prefere..
What characterizes a winner-take-all labor market and Offer some reasons why corporate heads now earn much more than they did in the 1970s.
because diversification is a desirable strategy for avoiding risk it never makes sense for a bank to specialize in
Explain briefly how each of the variables affects the value of an MLB franchise (i.e., use the variable definitions above to interpret, in words, the coefficient estimates with regard to each variable).
These multiple choice questions related to Economics. The first question is about statement about a week being the long run and the second question is about marginal product being equal to average product.
Buyer behavior is at the core of marketing. All marketing programs need to begin with an understanding of why and how consumers buy what they do. If no one purchases a company's product or service, it will quickly go out of business.
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