Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. "The Army pays soldiers a salary of $2000 every month. Assume that all soldiers have the same utility function U=HY, where H is the quantity of housing services demanded every month (i.e., the number of square feet of space) also Y is a composite of all other goods. The price of housing is PH also the price of Y is PY. The Marshalling demand functions are H*=I/2PH also Y*=I/2PY. Soldiers have no income other than their Army salary.
a. Find out the indirect utility function also the expenditure function for the typical soldier.
b. In addition to pay, the government provides a housing allowance that reimburses each soldier for 75 percent of their housing expenditures. Elucidate how does the housing allowance affect the soldier's budget constraint? Illustrate what is the utility level with the allowance? Elucidate how much housing does the soldier purchase? Elucidate how much does a soldier receive in housing subsidy?
c. Assume that the Army abolishes the housing allowance in part c. Illustrate what salary would be required for the soldiers to be as well off as with the allowance?
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
Consider the elasticity of supply. In the short run, a elucidate how many popsicles will be sold each day in the short run if the price rises.
Find the equilibrium price and quantity after the shift of the demand curve.
Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
If due to over-harvesting of coconuts they become more difficult to acquire, taking 2 hours to pick one coconut, Illustrate what combination will maximize utility.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
Assume the frequent flyer program has raised the cost of high-yield spill two fold since trade clients who are denied boarding now take their trade
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
Elucidate how much profit will it earn at that output rate. If the marketplace price dropped to $10, illustrate what should the firm do.
Describe at least three ways you could pay for your morning cup pf coffee. Illustrate what are the advantages also disadvantages of each.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd