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You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation for the budget line with bananas on the y-axis. Is that equation unique?
q.assume the followingi. the public holds no currency.ii. the ratio of reserves to deposits is 0.1.iii. the demand for
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
Discuss how each of the 4 factors contributed to the elasticity of the good.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
Because of the free-rider problem
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
q1. suppose that you can schedule a worker up to four hours per day. the benefit function is given by bh 500h - 22.5h2
assume the tax multiplier is estimated to be 1.5 and the aggregate supply curve has its usual upward scale. suppose the government lowers taxes by 150 million. aggregate demand will increase or decrease and by how much?
question 1an economy is currently in equilibrium and the following figures refer to elements in its national
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Do you believe the rise of globalization has caused the outsourcing of manufacturing jobs within the United States, or is this a natural progression due to the technological era we are in?
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