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Q1. James' Marshallian demand function Clarifies the utility maximization problem that is max U = x1 + x2. As the cost of good 1 is $1 as well as the cost of good 2 is $2, as well as income is $400. Assume that cost 1 increases to p1' = 3. Determine the substitution effect, income effect as well as total effect. Sketch the graph as well as Clarify what type of good is.
Q2. Elucidate in detail how banks operate. Include a description of how banks generate profits?
Q3. Elucidate how is Economic Darwinism a major force on industries around the globe?
If the probability of Verizon not advertising even though AT&T does not is 10 percent, what is expected payoff to AT&Ts decision to not to advertise?
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Think of some other real-world examples where the competitive hypothesis is violated. What would need to be added to the basic supply and demand model to accurately predict what people do when they aren't sure
Question: What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
q.in a competitive market there are two groups of firms. in group a for each firm the long-run atc curve is u-shaped
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
The expected salvage value of the furniture is $5,000 in 2015. Determine the recovery period for the furniture and its depreciation deductions over the recovery period.
When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
Illustrate what will be the total consumer surplus to those consumers.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
Define also Elucidate the three important components of organizational architecture responsible for the success or failure of an organizational design
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