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Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. 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?
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
Suppose one insurance company decided to charge teenagers and adults the same premium based in the average risk of an accident among both groups.
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resour..
Consider a monopolist whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 160 - 0.5Q. The firm optimizes by producing the level of output that maximizes ..
q.the dodge city bank is planning its loans for the next several years and is using a model of loan demand developed
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, the monetary policy has been oriented towards maintain price stability).
If the patent on a drug expires and the average price of the drug falls to a lower equilibrium price, there will be:
We normally think of currency and banking risks as being something confined to third-world or developing countries. But events in the past few years such as the Euro crisis or the financial crisis in the United States have shown that not even the wea..
q.assume the demand and supply for wine within the u.s. areqd 100 - 20p u.s. demand curveqs 20 20p u.s. supply
How is culture of India reflected in idea of sacred cow. Illustrate what influence does this have on arts of India.
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