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Kathy's utility function is U = 4X + 3Y. Kathy has $180 to spend on goods X and Y. The price of good X is $6 and the price of good Y is $4. To maximize utility, Kathy should consume units of good X and units of good Y and will be receiving utils of satisfaction. At this utility maximization point, MRS Px/Py (enter one of the following symbols: > or < or =).
A coworker comes to you with the following problem: "I provided my boss a projection of factory overhead using the high-low method.
Automatic stabilizers
q.postcard bangalore. hearts set on joining economy globally as indian it workers are brushing up on their
Money is defined by economists as "anything generally accepted as payment" For each of the following sentences, explain why it does not use the economist’s definition of money: Write a sentence that does use the economists definition of money
Calculate the Internal Rate of Return on an investment that costs $250 today and hasa single cash flow at the end of three years equal to $427.
How does Mises' system of dividing components of business help direct profits to efficient units? How does this relate to decision rights?
"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree?
The equilibrium real fed funds rate is 2%, the inflation target is 2% and the growth rate of potential output is 3%. If inflation is 8% and output growth is 6%, find the federal funds rate recommended by the Taylor Rule.
In 1996, the drug Prilosec became the best-selling anti-ulcer drug in the world. Given the fact that the drug was the most effective among all other competing drugs, managers at Prilosec initially set price at a 400 percent markup over cost in order ..
imagine that you work for the maker of a leading brand of low calorie frozen microwavable food that estimates the
Solve for market equilibrium price and quantity. Illustrate your answer with a diagram of market. What are dollar values of consumer and producer surplus.
Explain how this new inflationary environment would affect the demand for money according to portfolio theories of money demand.
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