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Q1. A third country, Fun land, also produces food and drinks. In Fun land, one resource unit produces 8 tons of food and 6 tons of drinks. Which of the following is true about Funland, Foodland, and Drinkland?
Q2. Dave currently consumes 10 hot dogs and 6 Sodas per week. At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3. If the price of one hot dog is $1 and the price of one soda is $0.50, is Dave currently maximizing his utility? If not, how should he reallocate his spending in order to increase utility?
Describe your matter, with a brief summary of the key things which make your matter interesting. Illustrate what are the key positive also normative questions surrounding your matter.
He will need to withdraw $12000 each year from the 21st to the 24th year of his son life. How much should he invest, if the rate of interest is 10% compounded annually?
Find a numerical equaltion relating planned aggregate expenditure to output and to the real interest rate.
Explain why does MySpace attract so many visitors. Why does MySpace attract so many visitors.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
The government begins providing health care subsidies for all Americans.b. Private investors become less optimistic about the economy.c. All overseas conflicts are ended and American troops return home.
Using information given: What is average cost of first do these of a new drug. What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product.
If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about:
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
Explain this result in terms of the example in the question above. How might things change if the border were open, with no restrictions on immigration?
Elucidate why there is a relationship between price elasticity of demand and the effects on total sales revenue.
Fed's policies both in terms of the positive also negative consequences of such policies also in relation to the Keynesian also classical theories.
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