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Does Revealed Preference theory truly reveal consumer preference when the consumer is able to afford all of the available options? For example, if a consumer is confronted with three goods and they can afford to purchase all three (A, B, and C) and they choose to first purchase A, then C, and then B - does this suggest that the consumer preference for the goods is A > C > B? The debate rests on the fact that since the consumer can afford all three goods and does not need to make a preferential decision, does the order of consumption reflect any preference?
a. Briefly describe the two main variables in the investment demand function and how they are related to Investment Expenditure. b. List the basic determinants of expenditure and describe how they affect investment.
Using the utility function: U (x, y) = x^gamma + y^gamma , 0
Mark quits his job as a company financial officer
Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure).
The necessary change in taxes and government spending and the effect on aggregate demand, GDP, and employment.
A. Hardware, when new and more efficient manufacturing technology becomes available. What does this change affect Demand or supply In which direction does the curve shift Draw a graph and explain what will happen to the price and quantity
What are equilibrium strategies? What is the seller's expected revenue? Is this more or less than he would earn in an ordinary (unconstrained) first-price auction
Make a brief history of the FEDERAL RESERVE system and explain the organizational structure of this agency as well as the role the Fed has in drafting and implementing United State Monetary policy.
a. Define GDP, giving what items comprise the GDP and then compute the value of GDP in Macronia b. Define net exports and the items that comprise it and compute the value of Net exports in Macronia c. Define disposable income and the items that ..
Why does a government place price ceilings, such as rent control, on some "essential" goods. to encourage an increase in supply of necessary items, to limit the impact of equilibrium pricing or else.
Price Discrimination (PD) occurs "when a firm charges different prices to different customers for the same good". Explain under what conditions PD is possible and profitable?
How will the unemployment rate change as a result? How will the growth in GDP change as a result?
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