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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.
Discuss what happens to the signaling value of a person's education. Can there be a perfectly separating equilibrium in this labor market?
The market for hotdogs is characterized by demand Qd=60-2P and supply Qs=4P. Which of the following price ceilings will result in a market shortage?
When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sella. any positive output the entrepreneur decides upon because all of it can be sold. b. nothing at all; the firm shuts down c. the ou..
Write 5 pages on Human Right Impact Assessments (HRIA) and like it to corporate social responsibility (CSR). Impact assessments should take a human rights-based
1. Suppose inputs are only substitutable at two units of labor for every one unit of capital, and one unit of output is produced for every unit of labor or ½ unit of capital. What would be the equation for the production function? What is the ..
What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8 percent compounded annually? The cash flows are made at the end of each year.
Determine the implications of the trade barriers on your company. Define trade barriers in your specific international market. Consider drawing from multiple sources in your definition.
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
What is comparative advantage? How does Apple benefit from comparative advantage? Describe the problems that Apple experienced with its supplier Foxconn.
How might advertising reduce economic well-being? How might advertising increase economic well-being? What is the prisoners' dilemma, and what does it have to do with oligopoly?
List the potential costs, benefits, and disbenefits that should be considered in evaluating a potential nuclear power plant. What stakeholder viewpoints will.
q.1 price elasticity of demand depends on various factors. explain each factor with the help of an example.q.2 show how
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