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Mark has utility given by U(X,Y)=XY+10Y, where X is the number of units of good X and Y is the number of units of good Y. Given this utility function, MUx=Y, and MUy=X+10. The prices of X and Y are both $1 per unit. Mark has $100 to spend on goods X and Y. Solve for Mark's utility-maximizing consumption bundle. Write down the number of units of good X in this optimal bundle (express as a whole number).
What is cross-browser compatibility? What causes a Web site to look different from browser to browser? What are the main Internet browsers used today?
How have you responded to increases in the price of gasoline over the past few years? How would you respond if the price of gasoline doubled over the next two years? What alternatives do you have for buying gasoline? Could you change to zero con..
Assume that initially the goods and services market is in equilibrium at the potential
Suppose a friend you know requires a mortgage loan to purchase a house. Your friend can purchase it now or wait until later and is unsure of what to do.
1. (Part A) Evaluate the fundamental arguments between Keynesians and Monetarists concerning the level of government involvement in our economy to minimize the impact and stabilize the different stages of the business cycle.
Find the production possibility frontier for this economy, find the competitive equilibrium and find competitive equilibrium if every consumer owns 100 units of labour and owns one firm.
The insurance company cannot determine whether ABC has instituted the program. However, it charges a deductible in the event of a re (i.e. ABC has to pay a certain amount to the insurance company if a reoccurs).
Using the graph below, answer the following questions: a. What is the shift from S1 to S2 called? b. What is the movement from a to b called? c. What is the movement from b to a called? d. What is the shift from S2 to S1 called?
1. the information below describes the real gdp per capita for the country of utopia for the period of 1975 to
Compute the following limit: x √3tan-x1(-x)√-3∏/3 lim→where as usual tan-1(x) denotes the inverse tangent function.
1. currently in the us inflation as measured by the cpi is about 1.5 and u is about 7.6 assume that us un 6.present the
In an effort to estimate the mean amount spent per customer for dinner at an Atlanta restaurant, data were collected for a sample of 42 customers. The data collected resulted in a sample mean of $29. Based upon past studies the population standard..
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