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How would you research and decide upon your pricing structure for the products you are selling?
The only two goods that give Bart utility are soap and calculators. When calculators cost $8 each and soap costs $2 per bar, his optimal consumption bundle is 8 bars of soap and 4 calculators. What is his income? Now the price of soap rises to $3 and..
Which of the following terms defines a preference aggregation mechanism that satisfies the properties of dominance, transitivity, and independence of irrelevant alternatives
In the United States, what has been the traditional policy for curbing the market power of natural monopolies such as utilities?
A downward sloping demand curve tells us
Explain how is the federal budget deficit affecting the U.S. economy. Essay should be about 400 words. How dependent is American, on the Chinese economy.
What value does your savings account show after 40 years? What is the value in year-1 dollars? (Answer: $973,719 and $307,455).
Assume that home produces contraptions with capital and labor, and two stages of production: parts and assembly. Part production is capital intensive, and assembly is labor intensive. Assume that home produces contraptions in autarky.
Emilie loves profiteroles. She makes a profiterole by combining one unit of chocolate sauce (say 8 fl oz) and two puffs (stuffed with paste). She receives one unit of utility per profiterole. Bertrand just likes to eat. He receives one unit of utilit..
Assume all money is held in the form of currency. Assume central bank money (H) is initially equal to $100 million. Now suppose the Fed conducts an open market purchase of government bonds equal to $10 million. Explain the effect of this action on:
Suppose after a year the S&P 500 is $954 and the portfolio is worth $95 million. The options premium is $1 million. What is the value of the total position?
A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs.
Public goods are not privately provided because
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