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Please answer as an austrian economist
Is there a difference between replacing competition with central planning versus planning in a competitive environment?
James has a utility function given by U=X^0.5+Y^0.5 , where X is the amount of product 1 consumed per period and Y is the amount of product 2 consumed per period. What is the minimum income necessary for James to achieve 100 utils when and ? Illustra..
Identify 3 macroeconomic variables in U.S. that impact demand of J&J baby powder?
The use of an international product structure. Knowledge that an individual has but that is difficult to express clearly in words, pictures, or formulae, and therefore difficult to transmit to others is known as.
Suppose that Martha’s income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for all other goods) which cost $100 per bag of groceries. Draw Martha’s budget constraint. Using in differe..
A young investor in the stock market is concerned that investing in the stock market is actually gambling, since the chance of the stock market going up on any
Plot the demand curve of the Firm. With all others factors remaining constants, the demand equation becomes as follows:
If the dots of a scatter plot seem to be randomly distributed across the graph, what can we conclude out of the following:
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
What does it mean when Dollars are used as a unit of measurement along the vertical axis? (Indifference curve only) Can you also show me how the graph will look
Estimate the true proportion of ERS calls that involved serious mechanical problems requiring towing and construct a 95% confidence interval after checking
How is the supply of money measured? Who influences how much liquidity is created or reduced in the U.S. economy?
From the scenario, explain how government grants would influence the business's operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products.
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