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Let's suppose Carl loves hamburgers and slices of pizza, but he insists on eating exactly 2 hamburgers for every slice of pizza he eats.
What does this tell you about the shape of Carl's indifference curves?If the hamburgers are on the y axis and slices of pizza ar on the x-axis what is carl's marginal rate of substitution (MRS)?
What correctly identifies unemployment that occurs when changes in technology result in more people seeking jobs in a labor market than there are jobs available at the current wage?
Assume the U.S. government implements a policy that achieves the savings rate needed to achieve the golden rule level of capital.
The congestion fee was raised to £8 in July 2005. Illustrate the new equilibrium point on your graph also assuming new charge is now optimally set.
Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restrictive or contraction monetary policies.
An injection molder is purchased for $500,000 for a large scale commercial operation. Its expected life is production of 2 million plastic wheels. Its salvage value is $1,000. Using the units of production method, calculate the depreciation rate per ..
what should it do to increase profit? If the firm is profit maximizing, is the firm in a long-run equilibrium? If not, what will happen to restore long-run equilibrium?
Consider two firms, 1 and 2, each producing an identical good simultaneously. This good has market demand given by the inverse demand function , where is price, and is market quantity. represents the amount produced by firm . Suppose production cost ..
In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
Higher unemployment caused by the recession and higher gasoline prices have contributed to a substantial reduction during 2008 in the number of vehicles on roads, bridges, and in tunnels. If the marginal cost of letting another vehicle cross a bridge..
How did the "Real Plan" work? Why was it successful? What led the central bank to introduce a crawling peg in March 1995?
The firms current yield to maturity on debt is 6% and the debt pays a 4% coupon. current tax rate equal 41.4%. Compute the after tax cost of debt.
You buy a new pair of shoes on sale. The printed receipt states very clearly that the shoes are not returnable. After you get them home, you wear the shoes around the house for a day and decide that they just don’t fit you correctly.
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