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Let (x1, x2) be some interior bundle on the budget constraint, and suppose p1 = 4 and p2 = 2. If the marginal rate of substitution at (x1, x2) is -3, then is (x1, x2) optimal? Explain why or why not, and justify your answer with economic intuition. (Partial credit for a purely graphical argument.)
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
After reading about the Golden Standard, William Jennings Bryan's emotional speech, write an essay analyzing what might have happened if William had won the 1886 election in the United States?
The given table shows Hillary's demand schedule for Cherry Blossom Makeup. Graph Hillary's demand curve.
Professor's Overview of Module 10 The reading for this lesson (Bowe, sections "Tulsa" and first part of "Saipan" to the bottom of p. 184) brings us to the use and abuse of U.S. visa programs to bring workers into the United States, often from more un..
Explain why the Tea Party argument as to shrinking the government will generate economic growth.
Choose any five products that exist within an economic market then classify and describe their 'elasticity' (relatively inelastic, relatively elastic
When we talk about a Value-Added Reseller, in the context of accounting and enterprise software, we are referring to an individual or business that:
assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of 1 million per restaurant. it
In 2009, interest rates dropped sharply due to Federal Reserve policy to expand a sluggish economy. Draw a graph describing the effects of this Federal Reserve.
what is the effect of the equilibrium price and quantity of orange juice of the following events if they occur one at a
Suppose that houses are made of aluminum and bricks. Assume that in each country the price of a house is equal to its cost of production.
identify production level to maximize profitsexplain how to balance fixed and variable costsapply economic cost
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