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Question: if m=p1x1+p2x2, then x1= (m-p2x2)/p1 ?. If we want to solve for optimal consumption bundle, then we replace x1 in the utility function?
Draw the cash flow diagram for this problem. Calculate the Present Worth (PW) at 10% interest. Calculate the Future Worth (FW) at 10% interest.
Who has the absolute advantage at producing Cigar and who has the comparative advantage at Bourbon and who is specializing in Bourbon according to Comparative Advantage now?
What are the dynamics of the relationship between auditor and the company they audit
Which of these is one of the four principles of individual choice? To encourage young people to go to college within their home state, state universities can.
This is a very random question in my opinion. In many amusement parks, you pay an admission fee to the park but you do not need to pay for individual rides. How do people choose which rides to go on
Assume that in short-run equilibrium, a particular monopolistically competitive firm charges $12 for each unit of its output and sells 52 units of output.
Ruritania's labor, technology, and education levels are constant, and its economy has a production func"on that can be described by Y = 2K".
Would you purchase a higher level of service from the ISP? If so, what level of service would you purchase?
Discuss the three forms of equity in reward strategy and how they interrelate to each other. Which should be most important and why?
Imagine that your city was hit by a major earthquake. What kind of damage would you see? For example, are there dams upstream of your city that might burst and release floodwaters?
The marginal rate of substitution between bundles V and Z isa. greater than the marginal rate of substitution between bundles Z and T.b. less than the marginal rate of substitution between bundles Z and T.c.
Now assume that there is a black market, and the price of gasoline rises to the maximum that consumers are willing to pay for the amount supplied by producers, at $3.50 per gallon. Show on the graph the areas representing producer surplus, consume..
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