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Q1. Explain what does the axiom of strict convexity of involve about preferences? Also clarify in words as well as write down the relevant preference relationships.
Q2. Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people. Calculate the unemployment rate, in percent. Show your work
Q3. If the reserve requirement before the shift was 10% and the Fed adjusted the reserve requirement to cause the shift, which of the following is a possible new value of the reserve requirement?
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Population growth in developing nations has proceeded at unprecedented rates ower the past few decades.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
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