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Q1. Individual has a utility function described by the equation U=2xv. The price of x is $32 every item whereas the price of y is $20 per unit. Through a profits of $800 per month, how many units of goods x and y will the person consume in a month to maximize utility?
Q2. Business Week recently declared, "We have entered the Age of the Internet," and ob-served that when markets for goods as well as services gain access to the Internet, more consumers and more businesses participate in the market. Use demand as well as supply analysis to predict the effect of e-commerce on equilibrium output and equilibrium price of products gaining a presence on the Internet.
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
The unsold computer is carried on XYZ's books as an $800,000 increase in inventory.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Illustrate that there are any extra costs or benefits due to this shift.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
Explain how would you conclusion vary for winter months, if bad weather formulate it likely for traffic jams on the highway to increase to 6 days per month.
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
Which of the government policies below is not likely to encourage per capita economic growth.
Air transport for businesspeople and tourists
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