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1. True or False: In the two goods consumer demand setting, an increase in one of the prices of a given level can have the same effect on the budget constraint as a given (maybe different) increase in income. ( give the explanation)
2. True or False: A consumer who can borrow and lend at a constant interest rate always prefers a choice of consumption bundles with a higher present value to one with a lower present value. (give the explanation)
3. Ture or False: Assuming fixed input prices, an increase in the price of the output will result in an increase in the profits of the firm. (Give the explanation)
determine what sales price must be obtained at the end of that period in order for Amjay to break even, when the interest is 12 percent.
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
Conclude which economic indicators the Federal Reserve should examine so it can better stabilize this particular economy.
You have a system that contains a special processor for doing floating- point operations. You have determined that 60% of your computations can use the floating-point processor. When a program uses the floating-point processor, the speedup of the flo..
Suppose a firm sells a good in 2 markets, each market is characterized by their own respective demand curve. Calculate the profit maximizing outputs and prices in each market assuming the firm can price discriminate. Calculate the own price elasticit..
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
1. in which market model would there be a unique product for which there are no close substitutes?a. monopolistic
Select the scenarios that result in lower prices if they were to occur in isolation? If the price of substitute increased the result would be __________ prices, and we would say__________. Consumers can make costly mistakes when not enough informatio..
What is the equilibrium price and quantity (P* and Q*) in the market for oranges with the following conditions? An event in Florida changed the supply of oranges. Demand did not change. The new supply equation is Q=5+P What is the new equilibrium pri..
Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the..
If a pound of U.S. pork cost 40 rupiah in Indonesia before the Asian crisis, how much did it cost when the dollar value of the rupiah fell by 80 percent?
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
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