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If prices of x and y are doubled while the income remains the same, the budget constraint:
A. Shifts outward in a parallel fashion
B. Shifts inward in a parallel fashion
C. Rotates outward about the x- intercept
D. Rotates outward about the y- intercept
This problem explores the issue of truthfulness in the Stable Matching Problem and specifically in the Gale-Shapley algorithm. The basic question is: can a man or a woman end up better off by lying about his or her preferences? More concretely, suppo..
Explain a situation in which the outcomes of classroom experiments deviated from standard economics theory. What insights were learned from these outcomes and how are they incorporated into the standard theory they attempt to model?
A student intern discovers the following about the demand by local businesses for attendance at a pro sports team's games: PB = $140 – 4 AB where PB is the ticket price paid by businesses, measured in dollars, and AB is their attendance measured in t..
Foster and Kaplan, drawing on research they’ve conducted at McKinsey & Company on more than 1,000 companies over 36 years show that even the best-run and most widely admired companies are unable to sustain market beating levels of performance for mor..
Find the equivalent equal payment series (A) using an A/G factor such that the two cash flows are equivalent at 10% compounded annually. First cash flow: Start at -$50 at year zero and goes up every year in increments of $50 so at year five its at $2..
Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees to buy all oranges that go unsold at that price. The oranges purchased by the government are discarded.
How would I compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
In recent years, Bolivia, Russia, and Turkey have had much higher nominal interest rates than Canada, while Japan has had lower nominal interest rates. What would you predict is true about money growth in these other countries? Why?
Concert tickets to see Adele have increased from 100$ to 150$.
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
If you want to make four equal payments on each January 1 from 2013 through 2016 to accumulate the $1,000, how large must each payment be.
Why are incomes so much more unequal within poor nations that within rich nations generally
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