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Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle.
a. Graph the budget line of the consumer under the assumption that he is offered a buy three, get one free deal at Taco Bell (limit one free taco).
b. On separate graph, show the same deal if offered by Chipoltle.
c. On a third graph, show the consumer’s budget line of both Taco Bell and Chipoltle are simultaneously offering this deal.
q1. laura bought word -processing software in 2005 for50. lauras twin brother laurence buys an upgrade of the same
Is it ever morally acceptable to use lethal force (ex. pressure cooker bomb) against as civilian who is oppressing you politically and economically but is not life threatening your life? why or why not?
1. economics is the study of the principles governing the allocation of scarce means among competing ends when the
Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component? Also any reason why household purchases of new cars should be included in investment rather than in consumption?
The Solis Company has estimated the demand curve for its product is represented by the equation: where is the quantity sold per year and is the price per unit. (a) Based on the estimated demand curve, write the equations for Solis'.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
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A network carrier serves 39 spoke cities from a single hub. How many city-pairs does it serve? This same airline adds a 40th spoke city to its network using a 100 seat capacity aircraft. On a flight from this 40th spoke to the hub, how many passenger..
If the required reserve ratio were .25, then a $8 million increase in H ("high-powered money") from the Fed could lead to an increase in the money supply by as much as $____ million.
Assume that equilibrium real GDP is 800 billion, potential gdp is 900 billion, the mpc is .80, and the mpi is .40 . What is the size of the GDP gap.
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