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An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these preferences consistent with our assumptions of consumer theory? (Hint: Draw a diagram, plot all these three bundles and provide a short analysis)
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
For the past several years, in order to sustain sales and profit growth, Harley has relied heavily on baby boomers to buy motorcycle in an effort to recapture their youth and rebelliousness. However, that market segment is quickly aging out of mainst..
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
The United States, Brazil,and Argentina are land rich and efficient farming countries. Which countries have large pools of low cost labor? How do countries with no natural resources manage to manufacture and export large quantities of goods?
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Its price for an engine overhaul is less than Illustrate what it costs Pam AM to do an overhaul themselves.
Calculate the over all MC for the 1st 10 units of output also Specify where each successive unit will be produced.
Now suppose Alex's income increases to $1,500 per year. What is her new optimal consumption of x? What is her new optimal consumption of z?
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
Using Year 1 as the base year, what is the growth rate of real GDP from Year 1 to Year 2? (b) Based on the GDP deflator (GDP Price Index), what is the inflation rate from Year 1 to Year 2?
q.think of another good that you have purchased recently or you could continue with the good you selected in tda i. be
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