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If the marginal utility of movies is 50 and the marginal utilityr of books is 25 and the price of books are 5 dollars each what would the price of movies need to be to satisfy the equimarginal rule?
You work for a newly elected federal-level senator who asked you to prepare a briefing on why socialized medicine has not been the government healthcare system.
Consider a market structure where there is a monopoly in input market (upstream monopolist) and also there is a monopoly in product market (downstream monopoly). If each firm maximizes its profit then there is double mark up. Show that if these two f..
Suppose there is an early freeze in California that reduces the size of the lemon crop. What happens to consumer surplus in the market for lemons?
what questions would you ask the firm's founders before making your funding decision? What answers would satisfy you?
Illustrate what assumptions do you make in answering this question. Illustrate what distortions do you think would appear in economy if such a tax were introduced.
(a) When there are L miners, how many tons of gold does the mine dig in total per month? (b) Can the mine dig 3 tons of gold per month?
Keep track of how many there are of each and print these out at the end in the panel.
Question 1: What are the characteristics of Brownian Motion? Question 2: What are the differences from a deterministic function?
Management proposed the following regression model to predict sales at a fast-food outlet: What is the expected amount of sales attributable to the drive-up window? Predict sales for a store with two competitors, a population of 8,000 within one mile..
In addition, the vaccine increases the QALY weight in an average year from 0.99 to 1. Assume the value of a QALY is $100,000, and ignore discounting and consump
Why might banks be reluctant to lend money if inflation in the economy tends to be higher than expected from time to time? Justify your answer(s).
Which determinant of demand changes in the personal Computer marketplace as more persons become interested
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